LIMITED POWER OF ATTORNEY FOR STOCK TRANSACTIONS
AND OTHER CORPORATE POWERS
STATE OF __________________________
COUNTY OF ________________________
KNOW ALL MEN BY THESE PRESENT, THAT I ____________________,
whose address is________________________ ,__________________ (City), ________ (State),________ (Zip), have made, constituted and appointed, and by these presents do make, constitute and appoint, my true and lawful attorney -in-fact to act with the following limited powers, to wit:
Exercising stock options and voting all of my shares of stock in _______________________________________________________, a Corporation incorporated in the State of _________________, hereinafter “Corporation”, without the necessity of a proxy and the right to appoint proxies therefor, and possessing all powers that I possess as granted to me by the Bylaws of said corporation, to incorporate, reorganize, merge, consolidate, recapitalize, sell, liquidate or dissolve any business; elect or employ officers, directors and agents; carry out the provisions of any agreement for the sale of any business interest or the stock therein. These powers include, but are not limited to, the following:
A. Receive, hold, transfer, sell and convey any stock certificates of the Corporation and all documents of title in connection therewith;
B. Make, execute and deliver, in my name and on my behalf, for any consideration whatsoever, for cash, instruments of conveyance covering the stock of the Corporation, containing such terms, covenants and conditions deemed necessary or advisable by my agent;
C. Execute, in my name and on my behalf, such contracts or other assurances as may be requested or required by any bank or other institution or individual when carrying out the powers granted herein; and
D. Acquire, exchange, buy or sell my stock in the corporation, or any interest therein, on such terms and conditions as my agent shall deem proper. Execute and deliver, in my name and on my behalf, conveyances of said stock.
FURTHER, I do authorize my aforesaid attorney to execute, acknowledge and deliver any instrument under seal or otherwise, and to do all things necessary to carry out the intent hereof, hereby granting unto my said attorney full power and authority to act in and concerning the premises as fully and effectually as I may do if personally present, limited, however, to the purpose for which this limited power of attorney is executed.
PROVIDED, however, that all business transacted hereunder for me or for my account shall be transacted in my name, and that all endorsements and instruments executed by my said attorney for the purpose of carrying out the foregoing powers shall contain my name, followed by that of my said attorney and the designation “attorney-in-fact”.
This Power of Attorney shall be:
(__) Durable and shall not be affected by any subsequent disability or incompetence.
I further declare that any act or thing lawfully done hereunder and within the powers herein stated by my said attorney shall be binding on myself and my heirs, legal and personal representatives and assigns, whether the same shall have been done either before or after my death, or other revocation of this instrument, unless and until reliable intelligence or notice thereof shall have been received by my said attorney.
Third parties may rely upon the representations of the agents as to all matters relating to any power granted to them hereunder, and no person who may act in reliance upon the representations of the agent or the authority granted to it shall incur any liability to the principal or his estate as result of permitting the agent to exercise any power.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this the ____day of ______________, 20__ .
The hereinafter named Witnesses, each declare under penalty of perjury under the laws of the State of ________________, that the principal is personally known to us, that the principal signed and acknowledged this Limited power of attorney in our presence, that the principal appears to be of sound mind and under no duress, fraud or undue influence, that we are not the person appointed as attorney-in-fact by this document and that we witnessed this power of attorney in the presence of the principal. We are not related to the principal by blood, marriage or adoption, and to the best of our knowledge, are not entitled to any part of the estate of the principal upon the death of the principal under a will now existing or by operation of law.
Print Name: _____________________
City: __________________State: ____
Print Name: _____________________
City:________________ State: _____
|Principal Name and Address||Attorney-in-Fact Name and Address|
|State: Zip:||State: Zip:|
State Specific Power of Attorney Forms
—-For State Specific Power of Attorney Forms you can download in Word Format go to