San Diego California 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: San Diego
• 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 San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants an appointed individual the authority to act on behalf of someone else in specific situations related to division orders and transfer orders. This power of attorney is specifically designed to handle matters related to division orders and transfer orders, which are commonly associated with financial or real estate transactions. In San Diego, California, there are different types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders, including: 1. Division Orders: A division order is a legal document that establishes the proportionate share of revenue or ownership interest that an individual or entity is entitled to in an oil and gas well production unit. A limited power of attorney for executing division orders allows the appointed person to sign and execute division orders on behalf of the principal. 2. Transfer Orders: A transfer order, also known as a deed of conveyance or assignment, is a legal document used to transfer ownership of real estate property from one party to another. A limited power of attorney for executing transfer orders enables the designated person to sign and execute transfer orders on behalf of the principal. 3. Limited Purpose: The San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders specifically limits the appointed person's authority to only matters related to executing division orders and transfer orders. This ensures that the designated individual can handle these specific tasks while still protecting the principal's interest in other legal matters. It is important to note that the power of attorney must be "durable," which means it remains valid even if the principal becomes incapacitated or mentally incapable of making decisions. This durability ensures that the appointed person can continue to carry out the principal's wishes in executing division orders and transfer orders, regardless of the principal's condition. Creating a San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a significant legal step that requires careful consideration and understanding. Consulting with an attorney is advisable to ensure that all the necessary legal requirements and formalities are met while protecting the principal's interests.

A San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a legal document that grants an appointed individual the authority to act on behalf of someone else in specific situations related to division orders and transfer orders. This power of attorney is specifically designed to handle matters related to division orders and transfer orders, which are commonly associated with financial or real estate transactions. In San Diego, California, there are different types of Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders, including: 1. Division Orders: A division order is a legal document that establishes the proportionate share of revenue or ownership interest that an individual or entity is entitled to in an oil and gas well production unit. A limited power of attorney for executing division orders allows the appointed person to sign and execute division orders on behalf of the principal. 2. Transfer Orders: A transfer order, also known as a deed of conveyance or assignment, is a legal document used to transfer ownership of real estate property from one party to another. A limited power of attorney for executing transfer orders enables the designated person to sign and execute transfer orders on behalf of the principal. 3. Limited Purpose: The San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders specifically limits the appointed person's authority to only matters related to executing division orders and transfer orders. This ensures that the designated individual can handle these specific tasks while still protecting the principal's interest in other legal matters. It is important to note that the power of attorney must be "durable," which means it remains valid even if the principal becomes incapacitated or mentally incapable of making decisions. This durability ensures that the appointed person can continue to carry out the principal's wishes in executing division orders and transfer orders, regardless of the principal's condition. Creating a San Diego California Durable Power of Attorney for Limited Purpose of Executing Division orders and Transfer orders is a significant legal step that requires careful consideration and understanding. Consulting with an attorney is advisable to ensure that all the necessary legal requirements and formalities are met while protecting the principal's interests.