Pennsylvania 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. In Pennsylvania, a 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 agent or attorney-in-fact, the authority to act on behalf of another person, referred to as the principal, specifically in matters related to executing division orders and transfer orders. This specialized power of attorney enables the agent to handle various tasks and decisions related to the principal's oil, gas, and mineral rights, including the execution of division orders and transfer orders. Division orders typically pertain to the division and distribution of royalties among multiple interest owners, while transfer orders involve the transfer of these rights to another party, whether through sale, lease, or inheritance. There may be different types or variations of Pennsylvania Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, based on specific needs and circumstances. Some possible variations could include: 1. Limited Scope Power of Attorney: This type restricts the agent's authority solely to executing division orders and transfer orders, without any additional powers or responsibilities beyond these specific tasks. It provides a narrow focus and ensures the principal's interests are protected in these specific transactions. 2. General Durable Power of Attorney with Limited Purpose Provision: This version grants the agent broad authority to handle the principal's financial and legal matters, including executing division orders and transfer orders. However, a limited purpose provision specifies that the agent's power only applies to matters related to these specific oil, gas, and mineral rights transactions. 3. Springing Durable Power of Attorney for Limited Purpose: In this form of power of attorney, the agent's authority to act on behalf of the principal in executing division orders and transfer orders "springs" into effect once specific conditions are met. For example, the principal may specify that the power of attorney becomes active upon their incapacity or a designated date. 4. Specific Division Order Power of Attorney: This type of power of attorney specifically focuses on granting the agent the authority to execute division orders related to oil, gas, and mineral rights. It might not include the power to execute transfer orders, lease agreements, or other related transactions. When executing a Pennsylvania Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, it is essential to consult an attorney specializing in this field to ensure compliance with state laws and to customize the document according to individual requirements.

In Pennsylvania, a 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 agent or attorney-in-fact, the authority to act on behalf of another person, referred to as the principal, specifically in matters related to executing division orders and transfer orders. This specialized power of attorney enables the agent to handle various tasks and decisions related to the principal's oil, gas, and mineral rights, including the execution of division orders and transfer orders. Division orders typically pertain to the division and distribution of royalties among multiple interest owners, while transfer orders involve the transfer of these rights to another party, whether through sale, lease, or inheritance. There may be different types or variations of Pennsylvania Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, based on specific needs and circumstances. Some possible variations could include: 1. Limited Scope Power of Attorney: This type restricts the agent's authority solely to executing division orders and transfer orders, without any additional powers or responsibilities beyond these specific tasks. It provides a narrow focus and ensures the principal's interests are protected in these specific transactions. 2. General Durable Power of Attorney with Limited Purpose Provision: This version grants the agent broad authority to handle the principal's financial and legal matters, including executing division orders and transfer orders. However, a limited purpose provision specifies that the agent's power only applies to matters related to these specific oil, gas, and mineral rights transactions. 3. Springing Durable Power of Attorney for Limited Purpose: In this form of power of attorney, the agent's authority to act on behalf of the principal in executing division orders and transfer orders "springs" into effect once specific conditions are met. For example, the principal may specify that the power of attorney becomes active upon their incapacity or a designated date. 4. Specific Division Order Power of Attorney: This type of power of attorney specifically focuses on granting the agent the authority to execute division orders related to oil, gas, and mineral rights. It might not include the power to execute transfer orders, lease agreements, or other related transactions. When executing a Pennsylvania Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, it is essential to consult an attorney specializing in this field to ensure compliance with state laws and to customize the document according to individual requirements.