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

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name and address at the top of the form. Ensure that all details are accurate, as this information identifies you as the principal.
  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, review and check off any specific powers you wish to grant. This includes options like receiving, holding, transferring, or selling stock certificates.
  5. Indicate whether this power of attorney is non-durable or durable by checking the appropriate box. A durable power remains effective even if you become incapacitated.
  6. Finally, sign and date the document in front of witnesses who will also need to sign. Ensure they meet the requirements outlined in the attestation section.

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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.
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.
A person with Power of Attorney for their parents cant actually add the POA to their bank accounts. However, they may change bank accounts to be jointly owned. There are some pros and cons of doing this, as discussed in the article POAs vs. joint ownership from NWI.com.
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.
Potential Disadvantages of Being a Power of Attorney If you breach your duty, you could owe the principal compensation for damages. The principal could sue you if you did not act in their best interest. A POA could be held responsible if they sign an agreement that could hold them financially liable.
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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.

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