Oklahoma Limited (Special) Power of Attorney Form
The Oklahoma Limited (Special) Power of Attorney can be seen to be the opposite of a Power of Attorney comprising of broad terms. This type of agreement is taken up by an individual, who, in their position as the Principal of the Power of Attorney, wants to establish constraints on the authority of the party they nominate to act on their behalf (their Agent). The Principal can do so by stating specific terms that communicate to the Agent the contexts in which their powers are valid and invalid. As a result of such terms, the Agent will not be as “free” to act on their behalf as they would if they were party to a Power of Attorney with broader terms.
State Laws & Signing Requirements
State Laws – Uniform Durable Power of Attorney Act
Signing Requirements (§ 58-1072.2) – In order for a Limited Power of Attorney that is of a durable type to be legally executed, the following must be held true:
- The Principal has signed the Power of Attorney, and
- The signing took place in the presence of two (2) valid witnesses, who must also sign the form.
State law, however does not list any signing requirements for a Limited Power of Attorney that is of a non-durable type to be executed. However, it is in the Principal’s best interests to implement certain procedures when signing the document to safeguard their rights. The signing requirements that are stated above for a Durable Power of Attorney are thus recommended to be followed.