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Limited Power of Attorney for Stock Transactions and Corporate Powers - North Dakota

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

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This document is a Limited Power of Attorney for stock transactions, allowing the appointed attorney-in-fact to manage stock-related activities on behalf of the principal. It grants powers to exercise stock options, vote shares, transfer ownership, and execute necessary contracts related to the corporation. The document specifies that actions taken by the attorney-in-fact are binding and can be relied upon by third parties. It includes provisions for witnesses and attestation to ensure legality and authenticity.

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How to use or fill out Limited Power of Attorney for Stock Transactions and Corporate Powers - North Dakota

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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. Ensure that all details are accurate, as this information identifies you as the principal.
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.
In the section detailing powers granted, review each item carefully. You may need to check specific boxes indicating whether this power of attorney is durable or non-durable.
Complete the witness section by having two witnesses sign and print their names, ensuring they meet the requirements outlined in the document.
Finally, sign and date the document at the bottom. Make sure to keep a copy for your records after completing all fields.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the limitations of a financial power of attorney?

The POA cannot use the Principals assets or money as their own. The POA cannot take compensation beyond what is outlined within the POA agreement.

Can you have a POA for a company?

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.

Can you use a POA for an LLC?

A general partner or managing member, if authorized by state law, can also execute and sign a POA on behalf of the partnership or LLC. A limited partner or member who is not a manager cannot act for the entity, and may only execute a POA in the partners or members individual capacity.

Can a POA access bank accounts?

A financial power of attorney is appointed to manage your monetary affairs, including accessing your bank accounts, paying bills, and making investment decisions.

How does a limited power of attorney differ from a durable power of attorney?

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.

What is the new law for power of attorney in Oklahoma?

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 - North Dakota 2025

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