Yes, then the officers who can sign for that company can sign documents for the principal. This is done all the time in the mortgage industry when banks appoint other banking institutions as their attorney-in-fact.
The agent acts on behalf of the principal and is the person named as the attorney in fact under a power of attorney.
A power of attorney terminates when: (1) the principal dies; (2) the principal becomes incapacitated, if the power of attorney is not durable; (3) the principal revokes the power of attorney; (4) the power of attorney provides that it terminates; (5) the purpose of the power of attorney is accomplished; or (6) the principal revokes the agent's authority or the agent dies, becomes incapacitated, or resigns, and the power of attorney does not provide for another agent to act under the power of attorney.
The person given power to act under a Power of Attorney document is called the Attorney-in-fact or Agent.
You can first ask your dad to revoke the power of attorney that appoints your sister as the agent. You do that by using a revocation of power of attorney form. Then he can file a new power of attorney that appoints you as the agent.
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
No. An attorney-in-fact or agent under a Power of Attorney cannot assign their power to someone else.
example of universal agent
The agent can act only within the scope of authority granted in the power of attorney.
The agent must act only within the scope of authority granted in the power of attorney.
universal agent
The agent may be serving under a Limited Power of Attorney. The agent would be called the attorney-in-fact under that POA.
You can look in your state statutes to see what authority an agent may be granted in a power of attorney.