Bexar Texas Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• County: Bexar
• 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 Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an appointed individual, known as the agent or attorney-in-fact, to act on behalf of the principal in specific matters related to division orders and transfer orders. This power of attorney is designed to address the specific needs of individuals who wish to delegate authority for executing these types of orders while limiting the scope of this authority to ensure protection and control over their assets. The Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders allows the principal to assign an agent to handle matters related to division orders and transfer orders in the oil and gas industry. This legal instrument provides the agent with the ability to perform various actions, including executing division orders, negotiating and receiving payments, transferring royalties and mineral rights, and handling related administrative tasks. There may be different types or variations of the Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, each tailored to specific needs and circumstances. Some potential variations may include: 1. Limited scope power of attorney: This type of power of attorney provides specific instructions and limitations on the agent's authority, such as only being authorized to execute division orders and transfer orders within a certain time frame or for specific properties. 2. Irrevocable power of attorney: This variation grants the agent with enduring authority that cannot be revoked by the principal, even in the event of incapacitation or mental incompetence. 3. Springing power of attorney: This type of power of attorney "springs" into effect only when certain predetermined conditions are met, such as the principal becoming incapacitated or being unable to personally execute division orders and transfer orders. It is crucial to consult with a qualified attorney familiar with local laws and regulations to ensure the Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders accurately reflects your needs and complies with legal requirements. The specific terms and provisions of this power of attorney can vary, considering the principal's unique circumstances, the complexity of the division orders, and the transfer orders involved.

A Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants authority to an appointed individual, known as the agent or attorney-in-fact, to act on behalf of the principal in specific matters related to division orders and transfer orders. This power of attorney is designed to address the specific needs of individuals who wish to delegate authority for executing these types of orders while limiting the scope of this authority to ensure protection and control over their assets. The Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders allows the principal to assign an agent to handle matters related to division orders and transfer orders in the oil and gas industry. This legal instrument provides the agent with the ability to perform various actions, including executing division orders, negotiating and receiving payments, transferring royalties and mineral rights, and handling related administrative tasks. There may be different types or variations of the Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, each tailored to specific needs and circumstances. Some potential variations may include: 1. Limited scope power of attorney: This type of power of attorney provides specific instructions and limitations on the agent's authority, such as only being authorized to execute division orders and transfer orders within a certain time frame or for specific properties. 2. Irrevocable power of attorney: This variation grants the agent with enduring authority that cannot be revoked by the principal, even in the event of incapacitation or mental incompetence. 3. Springing power of attorney: This type of power of attorney "springs" into effect only when certain predetermined conditions are met, such as the principal becoming incapacitated or being unable to personally execute division orders and transfer orders. It is crucial to consult with a qualified attorney familiar with local laws and regulations to ensure the Bexar Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders accurately reflects your needs and complies with legal requirements. The specific terms and provisions of this power of attorney can vary, considering the principal's unique circumstances, the complexity of the division orders, and the transfer orders involved.