Limited Power of Attorney for Stock Transactions and Corporate Powers

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Limited Power of Attorney for Stock Transactions and Corporate Powers Powered By Docstoc
					This Limited Power of Attorney for Stock Transactions and Corporate Powers is used by
a shareholder in a corporation to authorize an agent to perform all acts necessary for
stock transactions and other corporate powers. This document allows the appointed
agent to act on behalf of the individual for the limited purpose of exercising stock options
and voting rights. Some of the acts authorized include receiving and conveying stock
certificates, entering into agreements and executing bank documents. This document
can be customized to fit the specific needs of the individual. It should be used when a
shareholder wishes to appoint an agent to act on his or her behalf for this limited
purpose.
    LIMITED POWER OF ATTORNEY FOR STOCK TRANSACTIONS AND CORPORATE
                                                  POWERS




STATE OF _____________________

COUNTY OF __________________________




KNOW ALL MEN BY THESE PRESENTS:

That I, ____________________________ [Instruction: Insert the name of person/principal making
this power of attorney] residing at ______________________________ [Instruction: Insert the
address of person/principal making this power of attorney] (hereinafter referred to as the “Principal”)
being    of    sound     mind      and     memory,       do         hereby    make,    constitute    and   appoint
____________________________             [Instruction:    Insert        the   name     of   Agent]    residing   at
_________________________________ [Instruction: Insert the address of Agent], as my true and
lawful Attorney-in-Fact (hereinafter referred to as the “Attorney-in-Fact”),

THIS DOCUMENT SHALL BE CONSTRUED AND INTERPRETED AS A LIMITED POWER OF
ATTORNEY AND MY ATTORNEY-IN-FACT SHALL HAVE THE POWER AND AUTHORITY TO
PERFORM OR UNDERTAKE ANY ACTION I COULD PERFORM OR UNDERTAKE IF I WERE
PERSONALLY PRESENT.

I hereby authorize my Attorney-in-Fact to act with the following limited powers:

Exercising     stock     options         and   voting         all      of     my      shares    of     stock     in
______________________________________ [Instruction: Insert the name of Corporation where
the stock is deposited] a Corporation incorporated in the State of _____________________, ( hereinafter
referred to as the "Corporation"), without the necessity of a proxy and the right to appoint proxies
therefore, and possessing all powers that I possess as granted to me by the Bylaws of said Corporation, to
incorporate, reorganize, merge, consolidate, recapitalize, sell, liquidate or dissolve any business; elect or
employ officers, directors and agents; carry out the provisions of any agreement for the sale of any
business interest or the stock therein. These powers include, but are not limited to, the following:




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1. Receive, hold, transfer, sell and convey any stock certificates of the Corporation and all documents of
    title in connection therewith;
2. Make, execute and deliver, in my name and on my behalf, for any consideration whatsoever, for cash,
    instruments of conveyance covering the stock of the Corporation, containing such terms, covenants
    and conditions deemed necessary or advisable by my Attorney-in-Fact;
3. Acquire, receive, and retain investments without regards to principles of diversification, and without
    regard to predominance of common stock, or stock in closely held corporations;
4. To enter into any plan or agreements for sale, merger, consolidation, liquidation, recapitalization, or
    other disposition of any trust or estate property, or of any corporation issuing securities held as part of
    my estate or any trust; and to accept in such transactions any cash, securities, or property that my
    Attorney-in-Fact deems proper;
5. Execute, in my name and on my behalf, such contracts or other assurances as may be requested or
    required by any bank or other institution or individual when carrying out the powers granted herein;
    and
6. Acquire, exchange, buy or sell my stock in the Corporation, or any interest therein, on such terms and
    conditions as my Attorney-in-Fact shall deem fit and proper. Execute and deliver, in my name and on
    my behalf, conveyances of said stock.
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
the purpose of carrying out the foregoing powers shall contain my name, followed by that of my
Attorney-in-Fact.

DURABILITY. [Instruction: Choose any one option as per applicable and mark it “X”]

This Power of Attorney shall be:

( _________ ) Non-Durable;

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




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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.

IN WITNESS WHEREOF, I have executed this Limited Power of Attorney and here unto set my hand
and seal this _______ [Month] _______ [Date], 20_____

___________________________________
[Instruction: Insert signature of Principal]

_____________________________________________
 [Instruction: Insert typed/printed name of Principal]




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                                              ATTESTATION




The hereinafter named Witnesses, each declare under penalty of perjury under the laws of the State of
_____________________, that the principal is personally known to us, that the principal signed and
acknowledged this Limited Power of Attorney in our presence, that the principal appears to be of sound
mind and under no duress, fraud or undue influence, that we are not the person appointed as Attorney-in-
Fact by this document and that we witnessed this Limited Power of Attorney in the presence of the
principal. We are not related to the principal by blood, marriage or adoption, and to the best of our
knowledge, are not entitled to any part of the estate of the principal upon the death of the principal under
a will now existing or by operation of law.

Witnesses # 1                                                     Witness # 2

__________________________                                __________________________

Signature                                                         Signature




Name: ____________________                                        Name: ____________________

Address: ____________________                                     Address: ____________________




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                                      ACKNOWLEDGMENT




State of _____________________

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

Given under my hand and official seal this the ________ day of ________, ____.




                                                      __________________________________

                                                        Notary Public




My Commission Expires: ______________




(SEAL)




© Copyright 2012 Docstoc Inc.                                                            6

				
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Description: This Limited Power of Attorney for Stock Transactions and Corporate Powers is used by a shareholder in a corporation to authorize an agent to perform all acts necessary for stock transactions and other corporate powers. This document allows the appointed agent to act on behalf of the individual for the limited purpose of exercising stock options and voting rights. Some of the acts authorized include receiving and conveying stock certificates, entering into agreements and executing bank documents. This document can be customized to fit the specific needs of the individual. It should be used when a shareholder wishes to appoint an agent to act on his or her behalf for this limited purpose.
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