Nebraska 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. Nebraska Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants authority to an individual, referred to as the "attorney-in-fact," to perform specific tasks related to executing division orders and transfer orders on behalf of the principal, who is the person granting the power. In Nebraska, there are two main types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders: 1. Nebraska Durable Power of Attorney For Limited Purpose of Executing Division orders: This specific type of power of attorney enables the attorney-in-fact to handle tasks related to division orders in the oil and gas industry. Division orders are used to allocate royalty payments among mineral rights owners. With this power of attorney, the attorney-in-fact can sign division orders, handle the necessary paperwork, and ensure proper distribution of payments. 2. Nebraska Durable Power of Attorney For Limited Purpose of Executing Transfer orders: This power of attorney allows the attorney-in-fact to execute transfer orders related to ownership of real estate or other assets. Transfer orders are legal documents used to transfer ownership from one party to another. The attorney-in-fact with this power of attorney can sign and execute these transfer orders on behalf of the principal. Both of these types of Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders are considered "durable," meaning they remain valid even if the principal becomes incapacitated or unable to make decisions. This durability ensures that the attorney-in-fact can continue to act on behalf of the principal in important matters related to executing division orders and transfer orders. It is crucial to note that a Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders provides specific and limited authority to the attorney-in-fact. The power granted under this document is strictly confined to executing division orders and transfer orders and does not encompass broader decision-making powers, such as managing finances or healthcare.

Nebraska Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants authority to an individual, referred to as the "attorney-in-fact," to perform specific tasks related to executing division orders and transfer orders on behalf of the principal, who is the person granting the power. In Nebraska, there are two main types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders: 1. Nebraska Durable Power of Attorney For Limited Purpose of Executing Division orders: This specific type of power of attorney enables the attorney-in-fact to handle tasks related to division orders in the oil and gas industry. Division orders are used to allocate royalty payments among mineral rights owners. With this power of attorney, the attorney-in-fact can sign division orders, handle the necessary paperwork, and ensure proper distribution of payments. 2. Nebraska Durable Power of Attorney For Limited Purpose of Executing Transfer orders: This power of attorney allows the attorney-in-fact to execute transfer orders related to ownership of real estate or other assets. Transfer orders are legal documents used to transfer ownership from one party to another. The attorney-in-fact with this power of attorney can sign and execute these transfer orders on behalf of the principal. Both of these types of Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders are considered "durable," meaning they remain valid even if the principal becomes incapacitated or unable to make decisions. This durability ensures that the attorney-in-fact can continue to act on behalf of the principal in important matters related to executing division orders and transfer orders. It is crucial to note that a Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders provides specific and limited authority to the attorney-in-fact. The power granted under this document is strictly confined to executing division orders and transfer orders and does not encompass broader decision-making powers, such as managing finances or healthcare.