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

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name and address as the Principal at the top of the form. Ensure all details are accurate to avoid any issues.
  3. Next, designate your Attorney-in-Fact by entering their name and address. This person will have the authority to act on your behalf regarding stock transactions.
  4. In the section detailing powers granted, specify the corporation's name where you hold stock. Clearly outline any specific powers you wish to grant, such as selling or transferring shares.
  5. Indicate whether this Power of Attorney is durable or non-durable by checking the appropriate box. This decision affects how long your attorney can act on your behalf.
  6. Finally, sign and date the document in front of witnesses. Ensure that they also sign and provide their information as required.

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The durable POA remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. On the other hand, a limited POA or springing POA only takes effect under certain specified circumstances, such as when the principal becomes incapacitated.
A Company Power of Attorney (PoA), also called a Corporate Power of Attorney, is a legal document that grants a business the ability to authorize an individual or entity to act on its behalf. This authority can cover signing contracts, managing finances, handling legal matters, and making key business decisions.
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
A durable financial power of attorney can avoid financial disaster in the event you become incapacitated. You can also use a POA to allow someone to transact business for you if you are out of town or otherwise unavailable.
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