This Limited Power of Attorney form provides for a limited power of attorney for stock transactions only. It used by a shareholder to authorize another person to vote stock and to conduct other corporate powers. The document must be signed before two witnesses.
Indiana Limited Power of Attorney for Stock Transactions and Corporate Powers
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Limited. A limited power of attorney gives someone else the power to act in your stead for a very limited purpose. General. A general power of attorney is comprehensive and gives your attorney-in-fact all the powers and rights that you have yourself. Durable. Springing.
First, the legal answer is however long you set it up to last. If you set a date for a power of attorney to lapse, then it will last until that date. If you create a general power of attorney and set no date for which it will expire, it will last until you die or become incapacitated.
A limited PoA, amongst other things, grants the PoA holder access and permission to execute trades/orders on your trading account, on your behalf. However, it does not allow the PoA holder to perform withdrawals requests or transfer of funds. All withdrawals must be requested by the authorized signatory of the account.
What Is a Special Power of Attorney?Also known as a limited power of attorney (LPOA), a special power of attorney allows an individual to give another person the ability to make certain legal or financial decisions on their behalf.
In Indiana, if you wish to obtain power of attorney to assist a client, for example, with tax issues, you must use a particular form issued by the Indiana Department of Revenue. That form is available online at www.in.gov/dor.
Submit the POA-1 by fax to (317) 615-2605. Send the original POA-1 by mail to Indiana Department of Revenue, PO Box 7230, Indianapolis, IN 46207-7230.
A limited power of attorney grants the representative that you choose (the agent or attorney-in-fact) the power to act on your behalf under limited circumstances.Under a general power of attorney, the agent or attorney-in-fact can do anything that you can do.
POWERS OF ATTORNEY. CHAPTER 3. General Provisions.(d) A document creating a power of attorney must comply with recording requirements, including notary and preparation statements, to be recorded under this section.
Choose the limited power of attorney made for your state. Input personal information about both the principal and the agent or attorney-in-fact. Explain the powers of the agent. Include the date the limited power of attorney expires or will be revoked.