Oregon Limited (Special) Power of Attorney Form
The Oregon Limited (Special) Power of Attorney can be used to legally note down any circumstances whereby an individual (known as the Principal) wants to grant decision making powers to another party (known as the Agent) to act on their behalf, but only in accordance to the specific terms they have included in the contract. Thus, the terms of a Limited Power of Attorney (POA) are in clear distinction to the more sweeping terms of some Power of Attorney arrangements. To illustrate this, consider that while a Limited POA may be used to authorize an Agent to handle a specific matter like their real estate, a more broad POA may be used to authorize an Agent to handle any matters a Principal cannot manage themselves at a given time.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 127.005) – Oregon state law does not stipulate any signing requirements for a Power of Attorney to be effective. It is therefore recommended that any Principal to a Power of Attorney:
- Signs the Power of Attorney,
- Organizes for a Notary Public to acknowledge their signature, and
- Organizes for two (2) disinterested witnesses to witness the signature.