Power Of Attorney (Individual Sellers)

This Power Of Attorney (Individual Sellers) is used to give the buyer rights in the shares for the period between completion and registration of the buyer as the holder of the shares in the company’s books. Registration may take several days, for example due to the need for stock transfer form(s) to be stamped.

It should be used where the seller (or sellers) is an individual. The power of attorney should be executed as a deed by each seller in the presence of a witness.

What does Power Of Attorney (Individual Sellers) do?

It authorises the buyer (as attorney) to exercise rights in relation to the shares during the interim period after completion and before the buyer is registered as the shareholder.

What does Power Of Attorney (Individual Sellers) cover?

• A power of attorney enabling the buyer to exercise rights in the shares pending registration.
• Execution as a deed by each individual seller, witnessed in accordance with deed formalities.
• An option for a corporate attorney to delegate its powers to one or more appointed officers.

When should you use Power Of Attorney (Individual Sellers)?

• The seller is an individual and the buyer needs authority to exercise share rights between completion and registration.
• Registration of the buyer as shareholder may be delayed, for example pending stamping of stock transfer form(s).
• The buyer (or other attorney) is a corporate body and may need the option to delegate powers to an officer or officers.

Power Of Attorney (Individual Sellers) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.