Colorado 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. Colorado Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an individual (the agent or attorney-in-fact) to act on behalf of another person (the principal) specifically for the purpose of executing division orders and transfer orders related to oil, gas, and mineral rights. In Colorado, there are different types of durable power of attorney for limited purposes of executing division orders and transfer orders, each tailored to specific requirements and circumstances: 1. Limited Purpose Durable Power of Attorney for Executing Division Orders: This document is designed to enable the agent to execute division orders related to oil, gas, and mineral interests on behalf of the principal. It grants the agent the authority to receive and endorse division orders, verify ownership interests, and provide necessary information for payment. 2. Limited Purpose Durable Power of Attorney for Executing Transfer Orders: This type of power of attorney authorizes the agent to execute transfer orders, which involve the transfer of ownership or rights to oil, gas, or mineral interests. The agent is empowered to sign all necessary paperwork, execute deeds, and complete necessary forms required for proper transfer of ownership. These durable powers of attorney are particularly useful when the principal is unable, unavailable, or simply prefers to delegate the responsibility of executing division or transfer orders to a trusted individual. The agent should be someone knowledgeable about the specific requirements and procedures involved in executing these orders to ensure accuracy and compliance with Colorado laws. Keywords: Colorado, Durable Power of Attorney, Limited Purpose, Division Orders, Transfer Orders, Oil, Gas, Mineral Rights, Attorney-in-fact, Agent, Principal, Documentation, Ownership Interests, Payment, Transfer of Ownership, Deeds, Legal Forms, Compliance, Authority.

Colorado Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an individual (the agent or attorney-in-fact) to act on behalf of another person (the principal) specifically for the purpose of executing division orders and transfer orders related to oil, gas, and mineral rights. In Colorado, there are different types of durable power of attorney for limited purposes of executing division orders and transfer orders, each tailored to specific requirements and circumstances: 1. Limited Purpose Durable Power of Attorney for Executing Division Orders: This document is designed to enable the agent to execute division orders related to oil, gas, and mineral interests on behalf of the principal. It grants the agent the authority to receive and endorse division orders, verify ownership interests, and provide necessary information for payment. 2. Limited Purpose Durable Power of Attorney for Executing Transfer Orders: This type of power of attorney authorizes the agent to execute transfer orders, which involve the transfer of ownership or rights to oil, gas, or mineral interests. The agent is empowered to sign all necessary paperwork, execute deeds, and complete necessary forms required for proper transfer of ownership. These durable powers of attorney are particularly useful when the principal is unable, unavailable, or simply prefers to delegate the responsibility of executing division or transfer orders to a trusted individual. The agent should be someone knowledgeable about the specific requirements and procedures involved in executing these orders to ensure accuracy and compliance with Colorado laws. Keywords: Colorado, Durable Power of Attorney, Limited Purpose, Division Orders, Transfer Orders, Oil, Gas, Mineral Rights, Attorney-in-fact, Agent, Principal, Documentation, Ownership Interests, Payment, Transfer of Ownership, Deeds, Legal Forms, Compliance, Authority.