How To Issue A General Power Of Attorney

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How To Issue A General Power Of Attorney
How To Issue A General Power Of Attorney

Video: How To Issue A General Power Of Attorney

Video: How To Issue A General Power Of Attorney
Video: GENERAL POWER OF ATTORNEY LEGAL DRAFTING 2024, July
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A general power of attorney is issued by the principal for the disposal of his property, making transactions with him. It differs from a one-time power of attorney in a wider range of actions. The trustee in this case can carry out any transactions with the property of the trustee, including transactions of sale and purchase and pledge. It is obligatory subject to notarization.

How to issue a general power of attorney
How to issue a general power of attorney

Instructions

Step 1

Contact a notary office for a general power of attorney. It can be drawn up either on a special form or on a blank A4 paper. The filling form can be either written or printed.

Step 2

The power of attorney must indicate the date and place of issue, full name of the citizen, date of birth, place of residence. For organizations - name, legal address, TIN. Passport data of an individual, registration certificate number and data of constituent documents - for a legal entity. Full name, passport data, place of residence of the person to whom the general power of attorney is issued. The period of validity must be prescribed without fail. If it is not specified, the power of attorney is valid for 1 year (clause 1 of article 186 of the Civil Code). Certified by the signature of an individual, for legal entities - by the signature of the head of the organization.

Step 3

Specify in the power of attorney the powers vested in the trustee. In the case of a document for performing actions with funds, the power of attorney must be signed by the head of the organization and the chief accountant.

Step 4

The general power of attorney is terminated in case of expiration; cancellation by the person who issued it; death of the principal; termination of the organization's activities; reorganization of a legal entity; refusal of the person to whom it was issued. In case of termination of the power of attorney (refusal, cancellation, expiration of the validity period), the parties must notify each other of this.

Step 5

The general power of attorney will be declared null and void if the date of issue is not indicated in it. In order to avoid misinterpretation of the powers indicated in the power of attorney, prescribe as precisely as possible the range of actions for which it is issued, avoiding the wording “… and other powers”.

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