District of Columbia 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. A District of Columbia Durable Power of Attorney is a powerful legal tool that grants an individual, known as the "principal," the authority to assign another individual, known as the "attorney-in-fact," to execute specific tasks on their behalf. When it comes to limited purposes like executing Division orders and Transfer orders, a specific type of District of Columbia Durable Power of Attorney can be used. With a District of Columbia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders, the principal confers the attorney-in-fact with the authority to carry out essential activities related to Division orders and Transfer orders. This document is crucial in instances where the principal may be unable to manage their Division and Transfer order obligations due to various circumstances such as health issues, physical unavailability, or other personal reasons. A few key keywords that are relevant to understanding this type of power of attorney are: District of Columbia, Durable Power of Attorney, Limited Purpose, Executing, Division orders, and Transfer orders. District of Columbia: This signifies that the power of attorney is specific to the laws and regulations governing the District of Columbia, emphasizing the legal context in which it operates. Durable Power of Attorney: Unlike a regular power of attorney that may become void in case the principal becomes incapacitated, a durable power of attorney remains valid even in such circumstances, ensuring the attorney-in-fact's continuous authority. Limited Purpose: This denotes that the power granted to the attorney-in-fact is restricted to a particular scope of responsibilities, in this case, executing Division orders and Transfer orders. Executing: Signifies the attorney-in-fact's role of carrying out the necessary actions regarding Division orders and Transfer orders, such as signing documents, making decisions, and completing transactions. Division orders: Refers to legal documents issued by oil and gas companies to ensure proper distribution of proceeds among the various owners or interest holders of a particular well or property. The attorney-in-fact can handle the execution and management of these orders on behalf of the principal. Transfer orders: Pertains to documents involved in the transfer of ownership or interests in assets such as property, stocks, or funds. The attorney-in-fact is empowered to execute and oversee the necessary steps of transferring ownership according to the principal's wishes. While the District of Columbia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders may not have different subtypes, it is crucial to tailor the document to meet the specific needs and requirements of the principal. Working with a legal professional ensures that the power of attorney is appropriately drafted, reflecting the principal's intentions while adhering to the District of Columbia's legal framework and regulations.

A District of Columbia Durable Power of Attorney is a powerful legal tool that grants an individual, known as the "principal," the authority to assign another individual, known as the "attorney-in-fact," to execute specific tasks on their behalf. When it comes to limited purposes like executing Division orders and Transfer orders, a specific type of District of Columbia Durable Power of Attorney can be used. With a District of Columbia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders, the principal confers the attorney-in-fact with the authority to carry out essential activities related to Division orders and Transfer orders. This document is crucial in instances where the principal may be unable to manage their Division and Transfer order obligations due to various circumstances such as health issues, physical unavailability, or other personal reasons. A few key keywords that are relevant to understanding this type of power of attorney are: District of Columbia, Durable Power of Attorney, Limited Purpose, Executing, Division orders, and Transfer orders. District of Columbia: This signifies that the power of attorney is specific to the laws and regulations governing the District of Columbia, emphasizing the legal context in which it operates. Durable Power of Attorney: Unlike a regular power of attorney that may become void in case the principal becomes incapacitated, a durable power of attorney remains valid even in such circumstances, ensuring the attorney-in-fact's continuous authority. Limited Purpose: This denotes that the power granted to the attorney-in-fact is restricted to a particular scope of responsibilities, in this case, executing Division orders and Transfer orders. Executing: Signifies the attorney-in-fact's role of carrying out the necessary actions regarding Division orders and Transfer orders, such as signing documents, making decisions, and completing transactions. Division orders: Refers to legal documents issued by oil and gas companies to ensure proper distribution of proceeds among the various owners or interest holders of a particular well or property. The attorney-in-fact can handle the execution and management of these orders on behalf of the principal. Transfer orders: Pertains to documents involved in the transfer of ownership or interests in assets such as property, stocks, or funds. The attorney-in-fact is empowered to execute and oversee the necessary steps of transferring ownership according to the principal's wishes. While the District of Columbia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders may not have different subtypes, it is crucial to tailor the document to meet the specific needs and requirements of the principal. Working with a legal professional ensures that the power of attorney is appropriately drafted, reflecting the principal's intentions while adhering to the District of Columbia's legal framework and regulations.