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.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
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 in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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