Statutory Short Form Power Of Attorney (Ny) | Practical Law - Westlaw 2021-2024

Statutory Short Form Power Of Attorney (Ny) | Practical Law - Westlaw: What You Should Know

Except as provided in paragraph 1, a power  signed by the person to whom it is given and the person's attorney(s) must be witnessed by not less than two [two] ․  2.1 1. A power of attorney may be given in any form, including electronic forms such as e-mail. However, a power of attorney signed  only by an agent and an attorney may be considered an electronic form of a statutory short form power of attorney, and such electronic form(s) must be signed by an actual, competent person. As a  case in point, a power signed only by an agent and an attorney is subject to Rule 8.25(1) of the Uniform Legal Services Rules of Practice. The power may be signed in a  computer system as provided in rule 5.1(h). 2. A statutory short form power of attorney may be signed by other persons who may be  authorized by the person to whom it is given. GOB § 5-1507 — General Obligation Law § 13 1. By signing a power of attorney, a person who is not the principal authorizes that agent to manage all of his principal's property and liabilities. GOB § 5-1501B — General Oblige. Law § 11 2. A power of attorney signed by the person to whom it is given, or a person authorized by the person to whom it is to be given, is valid as long as it is acknowledged, acknowledged by the agent in writing, or acknowledged in a manner to show that the person to whom it is given has  been given a good faith and reasonable opportunity to exercise the power. GOB § 5-1502 — General Oblige. Law § 12 The power of attorney must be in writing and must include the following information: a. The individual's name, residence address, and date of birth. b. That the person is to be represented as the principal or as the agent. c. A short form for signing the instrument. d. A signature by the person to whom the power of attorney is given or his attorney(s). GOB § 5-1512 — General Oblige. Law § 15 The document must: 1. Be on a legal form that: a.

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