Ohio General (Financial) Power of Attorney Form
The Ohio General (Financial) Power of Attorney is a legal arrangement in which a party known as the “Agent” is either asked or hired by a party called the “Principal” to complete one or a set of tasks in their place. Depending on the task/s at hand, the Principal may wish to select a trusted individual (such as a friend or family member), a business professional, or a reputable entity as their Agent. By signing their name to the form, the Agent must comply with whatever conditions the Principal lists in the form, of which includes the fact that as a General Power of Attorney, the Agent’s powers will come to a total halt if the Principal ever enters into a state of incapacity.
State Laws & Signing Requirements
State Laws – Ohio Uniform Commercial Code
- Signed by the Principal (or by another individual at the Principal’s direction in their conscious presence), and
- Acknowledged before a Notary Public or by another authorized individual.
Should the arrangement relate to the transfer of personal property or the transaction of business, it must be signed, acknowledged, and certified in accordance with § 5301.01 of the Revised Code.