Franklin Ohio 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: Franklin
• 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. The Franklin Ohio Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants someone else the authority to act on your behalf regarding the execution of division orders and transfer orders within the state of Ohio. This power of attorney is specifically limited to these two purposes and does not grant any other broad powers to the designated person. In Franklin Ohio, there are two main types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders: 1. Division Orders: In the oil and gas industry, division orders are crucial for allocating royalties and interests among multiple owners of a mineral property. By assigning a durable power of attorney for division orders, an individual authorizes someone else to execute division orders on their behalf. This includes signing, delivering, and recording division orders to ensure proper allocation of proceeds. 2. Transfer Orders: Transfer orders pertain to the transfer or conveyance of ownership, interests, or assets related to the oil and gas industry. With a durable power of attorney for transfer orders, the designated person gains the authority to execute and complete transfer orders, sign necessary documents, and handle any associated transactions. Both of these limited powers of attorney provide a practical solution for individuals who are unable to personally execute division orders and transfer orders due to physical absence, illness, or any other reason. By appointing a trusted agent in Franklin Ohio through this legal document, the principal ensures that their interests are protected and that necessary transactions can be carried out in a timely and efficient manner. It is essential to consult with a qualified attorney experienced in Ohio law to properly draft and execute a Franklin Ohio Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders. This legal professional will guide you through the process, help you identify any additional specific clauses or instructions, and ensure compliance with state regulations.

The Franklin Ohio Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants someone else the authority to act on your behalf regarding the execution of division orders and transfer orders within the state of Ohio. This power of attorney is specifically limited to these two purposes and does not grant any other broad powers to the designated person. In Franklin Ohio, there are two main types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders: 1. Division Orders: In the oil and gas industry, division orders are crucial for allocating royalties and interests among multiple owners of a mineral property. By assigning a durable power of attorney for division orders, an individual authorizes someone else to execute division orders on their behalf. This includes signing, delivering, and recording division orders to ensure proper allocation of proceeds. 2. Transfer Orders: Transfer orders pertain to the transfer or conveyance of ownership, interests, or assets related to the oil and gas industry. With a durable power of attorney for transfer orders, the designated person gains the authority to execute and complete transfer orders, sign necessary documents, and handle any associated transactions. Both of these limited powers of attorney provide a practical solution for individuals who are unable to personally execute division orders and transfer orders due to physical absence, illness, or any other reason. By appointing a trusted agent in Franklin Ohio through this legal document, the principal ensures that their interests are protected and that necessary transactions can be carried out in a timely and efficient manner. It is essential to consult with a qualified attorney experienced in Ohio law to properly draft and execute a Franklin Ohio Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders. This legal professional will guide you through the process, help you identify any additional specific clauses or instructions, and ensure compliance with state regulations.