Arkansas Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• Control #: US-OG-020
• Format: Word; Rich Text

Description

This form is described in the title. If an agent/attorney in fact signs a division order for a third party, the disburser of production will most probably call for an original of this power of attorney to accompany the signed division order, or a copy of a recorded power of attorney accompany the division order. Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an individual or organization to act on behalf of another person (the granter) specifically for the purpose of executing division orders and transfer orders related to the granter's interests in mineral rights or oil and gas royalties. This type of power of attorney is commonly used in the oil and gas industry, where individuals or entities may own interests in various wells, leases, or production units. By executing this legal document, the granter grants the designated attorney-in-fact the power to sign, execute, and deliver division orders and transfer orders on their behalf. The Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders gives the attorney-in-fact the authority to perform various tasks, including but not limited to: 1. Executing division orders: The attorney-in-fact can sign and execute division orders on behalf of the granter. Division orders are legal documents that specify the proportionate share of production revenues that each interest owner is entitled to receive. 2. Executing transfer orders: The attorney-in-fact can sign and execute transfer orders, which involve the transfer of interests in mineral rights or oil and gas royalties. These orders assign or convey the granter's ownership interests to another party, such as a trust, company, or individual. It's important to note that there may be different variations or specific purposes for Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders. These variations can include: 1. Limited duration: The power of attorney can be granted for a specific period, after which it automatically terminates. This ensures that the attorney-in-fact's powers are limited to the intended scope and timeframe. 2. Limited scope: The power of attorney can be limited to executing specific types of division orders or transfer orders. For example, it may only grant the authority to execute division orders related to a specific well or lease. 3. Multiple attorney-in-fact: The granter may choose to appoint more than one attorney-in-fact to act jointly or independently. This allows for a checks-and-balances system and ensures that decisions related to division orders and transfer orders are made collectively or by individuals with distinct responsibilities. It is crucial to consult with a qualified attorney when drafting or executing an Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders to ensure compliance with state laws and to tailor the document to the granter's specific needs and circumstances.

Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an individual or organization to act on behalf of another person (the granter) specifically for the purpose of executing division orders and transfer orders related to the granter's interests in mineral rights or oil and gas royalties. This type of power of attorney is commonly used in the oil and gas industry, where individuals or entities may own interests in various wells, leases, or production units. By executing this legal document, the granter grants the designated attorney-in-fact the power to sign, execute, and deliver division orders and transfer orders on their behalf. The Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders gives the attorney-in-fact the authority to perform various tasks, including but not limited to: 1. Executing division orders: The attorney-in-fact can sign and execute division orders on behalf of the granter. Division orders are legal documents that specify the proportionate share of production revenues that each interest owner is entitled to receive. 2. Executing transfer orders: The attorney-in-fact can sign and execute transfer orders, which involve the transfer of interests in mineral rights or oil and gas royalties. These orders assign or convey the granter's ownership interests to another party, such as a trust, company, or individual. It's important to note that there may be different variations or specific purposes for Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders. These variations can include: 1. Limited duration: The power of attorney can be granted for a specific period, after which it automatically terminates. This ensures that the attorney-in-fact's powers are limited to the intended scope and timeframe. 2. Limited scope: The power of attorney can be limited to executing specific types of division orders or transfer orders. For example, it may only grant the authority to execute division orders related to a specific well or lease. 3. Multiple attorney-in-fact: The granter may choose to appoint more than one attorney-in-fact to act jointly or independently. This allows for a checks-and-balances system and ensures that decisions related to division orders and transfer orders are made collectively or by individuals with distinct responsibilities. It is crucial to consult with a qualified attorney when drafting or executing an Arkansas Durable Power of Attorney For Limited Purpose of Executing Division Orders and Transfer Orders to ensure compliance with state laws and to tailor the document to the granter's specific needs and circumstances.