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Limited Power of Attorney for Stock Transactions and Corporate Powers - Pennsylvania

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

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This document is a Power of Attorney that grants an appointed agent broad authority to manage the principal's property, including the ability to sell or dispose of assets without prior notice or approval. It outlines the responsibilities and expectations for the agent, emphasizing the need for good faith and acting in the principal's best interest. The document also includes provisions for stock transactions and corporate powers, detailing specific actions the agent can take on behalf of the principal. Legal advice is recommended before signing.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in your name and address at the top of the form. This identifies you as the principal granting power of attorney.
Designate your agent by entering their name and address. This person will have the authority to act on your behalf regarding stock transactions.
Specify the powers you are granting to your agent. Review each section carefully, ensuring that you understand what actions they can take, such as selling stock or voting shares.
Indicate whether this power of attorney is durable or non-durable by checking the appropriate box. A durable power remains effective even if you become incapacitated.
Sign and date the document at the bottom, ensuring that witnesses also sign as required by Pennsylvania law.

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What is the new law in PA June 5?

Pennsylvanias Distracted Driving Law Effective June 5, 2025, the law prohibits as a primary offense any driver from using an interactive mobile device (IMD) while driving a motor vehicle.

How long is a POA good for in Pennsylvania?

In Pennsylvania a power of attorney (POA) does not go bad or become invalid just because of the mere passage of time. The document may appear outdated as Pennsylvania law changes and the POA format changes over time, but an old POA can remain valid even after many years. Update your POA Periodically.

Can you write your own power of attorney in PA?

To create a Pennsylvania power of attorney (POA), you must choose a trusted, competent adult as your agent, specify what authority you want to grant them, and sign the power of attorney document in front of two witnesses and a notary public.

What is a limited power of attorney in PA?

A Pennsylvania limited power of attorney is a document used to grant a representative the authority to complete specific tasks. The limited aspect of this type of power of attorney has to do with the scope of authority and duration of the arrangement. Usually, the powers granted terminate after the task is done.

What is the new POA law in PA?

Here is a list of key changes from Act 95: New Requirements for Executing a POA: The principal must execute the POA before a notary public and 2 independent witnesses; New Formalities Required: The first page of the POA must include a statutory notice in capital letters signed by the principal.

Are there different types of power of attorney in PA?

Limited Power of Attorney: Allows the agent to do specific tasks or for a certain time. Springing Power of Attorney: Activates when a specific event happens, like the principal becoming incapacitated. Durable Power of Attorney: Stays valid even if the principal cant make decisions, managing their affairs.

What is a POA not allowed to do?

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.

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

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