Oregon 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. Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants an appointed individual, known as an agent or attorney-in-fact, the authority to handle specific matters related to executing division orders and transfer orders on behalf of the principal. This type of power of attorney is particularly useful when an individual is unable or unavailable to personally manage these tasks themselves. The Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders allows the agent to act solely within the scope of executing division orders and transfer orders for the principal. It is important to note that this power of attorney does not grant the agent broad authority to make decisions on the principal's behalf in other areas of their life. It is limited to the specific purpose outlined in the document. There are different types of Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders that can be customized to suit individual needs. Some common variations include: 1. General Durable Power of Attorney: This type of power of attorney grants the agent the authority to execute division orders and transfer orders while also allowing them to handle other financial and legal matters on behalf of the principal. It offers a broader scope of authority. 2. Limited Durable Power of Attorney: This power of attorney is more specific and limited in nature, focusing solely on executing division orders and transfer orders. It restricts the agent's authority to these designated areas. 3. Springing Durable Power of Attorney: With this type of power of attorney, the agent's authority only becomes effective upon the occurrence of a specific event or condition specified in the document. For example, it may become effective only if the principal becomes incapacitated. It is important to consult with an attorney or legal professional when drafting an Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders to ensure it meets the necessary legal requirements and accurately reflects the principal's intentions. This legal document provides peace of mind for individuals who require assistance in handling their division orders and transfer orders, while also safeguarding their interests and ensuring their wishes are carried out appropriately.

Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants an appointed individual, known as an agent or attorney-in-fact, the authority to handle specific matters related to executing division orders and transfer orders on behalf of the principal. This type of power of attorney is particularly useful when an individual is unable or unavailable to personally manage these tasks themselves. The Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders allows the agent to act solely within the scope of executing division orders and transfer orders for the principal. It is important to note that this power of attorney does not grant the agent broad authority to make decisions on the principal's behalf in other areas of their life. It is limited to the specific purpose outlined in the document. There are different types of Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders that can be customized to suit individual needs. Some common variations include: 1. General Durable Power of Attorney: This type of power of attorney grants the agent the authority to execute division orders and transfer orders while also allowing them to handle other financial and legal matters on behalf of the principal. It offers a broader scope of authority. 2. Limited Durable Power of Attorney: This power of attorney is more specific and limited in nature, focusing solely on executing division orders and transfer orders. It restricts the agent's authority to these designated areas. 3. Springing Durable Power of Attorney: With this type of power of attorney, the agent's authority only becomes effective upon the occurrence of a specific event or condition specified in the document. For example, it may become effective only if the principal becomes incapacitated. It is important to consult with an attorney or legal professional when drafting an Oregon Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders to ensure it meets the necessary legal requirements and accurately reflects the principal's intentions. This legal document provides peace of mind for individuals who require assistance in handling their division orders and transfer orders, while also safeguarding their interests and ensuring their wishes are carried out appropriately.