Power Of Attorney (Corporate Sellers)
This Power of Attorney (Corporate Sellers) is used to give the Buyer all the rights in the shares during the period between completion and registration of the Buyer as the holder of the shares in the books of the company (which may be several days due to the need for the stock transfer form(s) to be stamped). It should be used when the Seller is a company and should be executed as a deed by two directors or a director and secretary.
If the Attorney is a company or other corporate body, an optional clause is available to give the Attorney the right to delegate its powers to an appointed officer or officers.
This Power of Attorney (Corporate Sellers) is
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