Limited Power of Attorney - With Samples

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Limited Power of Attorney - With Samples Powered By Docstoc
					This Limited Power of Attorney is used by an individual to grant specific powers to an
agent. This document specifies particular acts that an attorney-in-fact may perform on
behalf of the individual. Unlike a general power of attorney, which allows the attorney-
in-fact to perform all acts the individual could do personally, this document limits the
attorney-in-fact's authority to perform certain functions. This document includes sample
provisions of powers commonly granted including collection of debts, borrowing money,
and acquisition of property. This form is highly customizable and should be used by
individuals wishing to grant only certain powers to an agent.
                                 LIMITED POWER OF ATTORNEY

                        (Provisions to Specify Powers with Samples Included)




KNOW ALL MEN BY THESE PRESENTS that I ________________________ [Instruction: Insert
the name of Principal] residing at _______________________________ [Instruction: Insert the
Address of Principal], (hereinafter termed as the “Principal”) do hereby make, constitute and appoint
________________________         [Instruction:    Insert    the    name     of    Agent]     residing   at
_______________________________ [Instruction: Insert the address of Agent] ( hereinafter termed
as the “Attorney-in-Fact”) as my true and lawful attorney to act with the following limited powers:




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
___________________________________________

[Instruction: Insert the powers which are given to the Attorney-in-Fact]

[Comment: See sample powers included at the end of this form]




FURTHER, I do authorize my aforesaid Attorney-in-Fact to execute, acknowledge and deliver any
instrument under seal or otherwise, and to do all things necessary to carry out the intent hereof, hereby
granting unto my Attorney-in-Fact full power and authority to act in and concerning the premises as fully
and effectually as I may do if personally present, limited, however, to the purpose for which this Limited
Power of Attorney is executed.




PROVIDED, however, that all business transacted hereunder for me or for my account shall be
transacted in my name, and that all endorsements and instruments executed by my Attorney-in-Fact for




© Copyright 2012 Docstoc Inc.                                                                 2
the purpose of carrying out the foregoing powers shall contain my name, followed by that of my
Attorney-in-Fact.

I further declare that any act or thing lawfully done hereunder and within the powers herein stated by my
Attorney-in-Fact shall be binding on myself and my heirs, legal and personal representatives and assigns,
whether the same shall have been done either before or after my death, or other revocation of this
instrument, unless and until reliable intelligence or notice thereof shall have been received by my
Attorney-in-Fact.




This Power of Attorney shall be:

[Comment: Choose any one option as applicable and mark it “X”]

(___) Non-Durable;

(___) Durable and shall not be affected by any subsequent disability or incompetence.




Third parties may rely upon the representations of the Attorney-in-Fact as to all matters relating to any
power granted to him hereunder, and no person who may act in reliance upon the representations of the
Attorney-in-Fact or the authority granted to him shall incur any liability to the principal or his estate as
result of permitting the Attorney-in-Fact to exercise any power.




IN WITNESS WHEREOF, I have hereunto set my hand and seal this _______ [Month] ______ [Date],
20____.




___________________________________

[Instruction: Insert signature of Principal]




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_____________________________________________

[Instruction: Insert printed/typed name of Principal]




Signed sealed and delivered in the presence of:




_____________________________________
[Instruction: Insert signature of Witness #1]




_____________________________________________
_____________________________________________

[Instruction: Insert name and address of Witness #1]




_____________________________________
[Instruction: Insert signature of Witness #2]




_____________________________________________
_____________________________________________

[Instruction: Insert name and address of Witness #2]




© Copyright 2012 Docstoc Inc.                           4
                                         ACKNOWLEDGMENT




State of Idaho

County of __________________




I, the undersigned, a Notary Public in and for said County in said State, hereby certify that

______________, who is known to me, acknowledged before me on this day that, being informed of the
contents of the instrument, he/she executed the same voluntarily on the day the same bears date



© Copyright 2012 Docstoc Inc.                                                                   5
Given under my hand and official seal this the ________ day of ________, ____.




                                                      __________________________________

                                                        Notary Public




My Commission Expires: ______________



				
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Description: This Limited Power of Attorney is used by an individual to grant specific powers to an agent. This document specifies particular acts that an attorney-in-fact may perform on behalf of the individual. Unlike a general power of attorney, which allows the attorney-in-fact to perform all acts the individual could do personally, this document limits the attorney-in-fact's authority to perform certain functions. This document includes sample provisions of powers commonly granted including collection of debts, borrowing money, and acquisition of property. This form is highly customizable and should be used by individuals wishing to grant only certain powers to an agent.
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