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Yes. The officers who are authorized to execute legal documents for the company can execute a power of attorney naming a person or another company as attorney-in-fact. Lenders do this regularly.
Yes. The officers who are authorized to execute legal documents for the company can execute a power of attorney naming a person or another company as attorney-in-fact. Lenders do this regularly.
Yes. The officers who are authorized to execute legal documents for the company can execute a power of attorney naming a person or another company as attorney-in-fact. Lenders do this regularly.
Yes. The officers who are authorized to execute legal documents for the company can execute a power of attorney naming a person or another company as attorney-in-fact. Lenders do this regularly.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes. The officers who are authorized to execute legal documents for the company can execute a power of attorney naming a person or another company as attorney-in-fact. Lenders do this regularly.
Wiki User
∙ 7y agoYes. A corporation can be the principal under a POA and also be appointed an attorney in fact under a POA. The officers of that corporation can sign documents under the POA. This is often done in the banking business where a lender grants a POA to another lender for purposes of foreclosure, mortgage assignments, mortgage discharges, etc.
Wiki User
∙ 11y agoYes, as long as the POA is properly executed. Many corporations, especially lenders, grant powers of attorney to other entities to carry on their business.
Wiki User
∙ 13y agoYes. Banking institutions grant POAs to servicing companies all the time.
Wiki User
∙ 13y agoI imagine you mean a company with the skill and experience to act such as a trust corporation. In this case the answer would be yes.
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What court oks a power of attorney?
Powers of Attorney do not need to be approved by a court. Any person can execute a Power of Attorney to appoint a personal agent. Courts appoint guardians.
Can someone other than your wife be your power of attorney?
Yes, you can appoint anybody to hold your power of attorney.
How can the person who has power attorney get out of it?
You can resign in writing and the principal can appoint another attorney-in-fact.
Can your wife get a power of attorney without your permission?
Only you can grant a power of attorney. A court can appoint her a guardian or conservator to run your affairs.
Who is the agent in a power of attorney?
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.
Do you need a power of attorney after your dads death?
A power of attorney can only represent a living person. After death, the court will appoint a an executor for the estate.
How do you petition the courts to discontinue a power of attorney?
Write a letter to the court that granted the power of attorney. They will revoke it and appoint someone else if needed.
Does an administrator have more say than the power of attorney?
The administrator is appoint after death. The power of attorney represents a living person. The power of attorney ends with the death of the grantor and the administrator takes over.
Is there a such power of attorney that controls a deceased persons will?
No there is not such a thing. A power of attorney ends with the death of the person granting it. The court will appoint an executor that controls the estate.
How do you transfer stock when the owner is dead and left a power of attorney?
The power of attorney has no value. The probate court will have to appoint an executor for the estate, who can then transfer the stocks.
How do you get power of attorney of a son that is seeing a psychiatrist every three months?
A power of attorney can only be granted by the subject. A probate court can grant a conservatorship or appoint a guardian.
What if a mother dies and the sons do not have power of attorney arranged?
A power of attorney only represents a living person. After their death, the sons will have to have the court appoint an executor for the estate.
