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

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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.
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.
To establish a valid POA in Indiana, the principal must be an adult of sound mind, and the document must be notarized. The POA should clearly outline the powers granted, any limitations, and include both the principals and agents information.
A Limited Power of Attorney (POA) provides the authority for the filer to sign documents as if he or she were the required authorized signer, be it officers for corporations, members or managers for LLCs or general partners for limited partnerships.
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.

People also ask

How Long is a Limited Power of Attorney Good For? A Limited Power of Attorney is good for as long as you establish it. In contrast to a General POA, which expires only if you revoke it or once you pass away, Limited POAs are designed to be valid for a specific amount of time.
3 parties who can override a power of attorney A power of attorney gives an individual the legal authority to make financial or medical decisions or carry out particular tasks for the principal. Three parties can revoke this right: the principal, legal guardians, or the court.
The Limited Power of Attorney form must be notarized to be valid. 4.

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