Limited Power of Attorney for Stock Transactions and Corporate Powers - Arizona 2025

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When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.
A durable power of attorney is a special form of authorization that allows the attorney-in-fact to continue acting on the principals behalf even if the principal is ill or unable to communicate.
A general power of attorney is where an agent is given authority to perform just about every type of task on behalf of the principal such as managing personal finances, opening financial accounts, and collecting documents.
In connection with the transfer of a certificate or instrument, a Stock Power or Allonge acts as a power of attorney, in each case appointing an agent to the transfer on the companys books or on behalf of the transferor or assignor. Each will also be signed by the transferor or assignor, often done under seal.
A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.

People also ask

In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical.
Arizona recognizes several types, including durable, general and limited POAs. A durable POA remains in effect if you become incapacitated, while a general POA grants broad powers that cease upon incapacitation. Limited POAs grant specific powers for a set time or task.

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