Kansas 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 Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants an individual, known as the "attorney-in-fact" or "agent," the authority to execute division orders and transfer orders on behalf of the principal. It is crucial to have a clear understanding of what this document entails, as it plays a crucial role in managing the principal's interests in oil, gas, or mineral rights. In Kansas, there are several types of Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, each serving a specific function: 1. General Kansas Durable Power of Attorney: This type grants the agent broad powers to act on behalf of the principal in executing division orders and transfer orders. It is essential to carefully consider the agent's abilities and trustworthiness when granting such broad authority. 2. Specific Kansas Durable Power of Attorney: As the name suggests, this type limits the agent's authority to specific division orders and transfer orders requested by the principal. It ensures that the agent can only act within the parameters defined by the principal. 3. Secondary Kansas Durable Power of Attorney: This type is designed for situations where the initial agent is unable or unwilling to fulfill their duties. The secondary attorney-in-fact steps in and assumes the power to execute division and transfer orders. It provides a safety net and continuity for the principal's interests. Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders can be valid for a specific timeframe or until revoked by the principal. It is essential to include specific details, such as the principal's name, the agent's name, and any limitations on the agent's authority, to ensure clarity and avoid any misunderstandings. When drafting this document, it is important to keep relevant keywords in mind to ensure its usefulness and discoverability. Some relevant keywords to consider are "Kansas Durable Power of Attorney," "Limited Purpose," "Executing Division Orders," "Transfer Orders," "Oil and Gas Interests," "Mineral Rights," and "Attorney-in-fact." These keywords provide a concise and accurate representation of the document's purpose, making it easier to find and understand for those seeking information on this topic. In conclusion, a Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a critical legal instrument that enables an agent to act on behalf of the principal in executing division orders and transfer orders related to oil, gas, or mineral rights. The precise type of power of attorney and the specific powers granted should be carefully considered in the context of the principal's needs and circumstances.

A Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants an individual, known as the "attorney-in-fact" or "agent," the authority to execute division orders and transfer orders on behalf of the principal. It is crucial to have a clear understanding of what this document entails, as it plays a crucial role in managing the principal's interests in oil, gas, or mineral rights. In Kansas, there are several types of Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, each serving a specific function: 1. General Kansas Durable Power of Attorney: This type grants the agent broad powers to act on behalf of the principal in executing division orders and transfer orders. It is essential to carefully consider the agent's abilities and trustworthiness when granting such broad authority. 2. Specific Kansas Durable Power of Attorney: As the name suggests, this type limits the agent's authority to specific division orders and transfer orders requested by the principal. It ensures that the agent can only act within the parameters defined by the principal. 3. Secondary Kansas Durable Power of Attorney: This type is designed for situations where the initial agent is unable or unwilling to fulfill their duties. The secondary attorney-in-fact steps in and assumes the power to execute division and transfer orders. It provides a safety net and continuity for the principal's interests. Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders can be valid for a specific timeframe or until revoked by the principal. It is essential to include specific details, such as the principal's name, the agent's name, and any limitations on the agent's authority, to ensure clarity and avoid any misunderstandings. When drafting this document, it is important to keep relevant keywords in mind to ensure its usefulness and discoverability. Some relevant keywords to consider are "Kansas Durable Power of Attorney," "Limited Purpose," "Executing Division Orders," "Transfer Orders," "Oil and Gas Interests," "Mineral Rights," and "Attorney-in-fact." These keywords provide a concise and accurate representation of the document's purpose, making it easier to find and understand for those seeking information on this topic. In conclusion, a Kansas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a critical legal instrument that enables an agent to act on behalf of the principal in executing division orders and transfer orders related to oil, gas, or mineral rights. The precise type of power of attorney and the specific powers granted should be carefully considered in the context of the principal's needs and circumstances.