Maryland Personal Financial Power of Attorney Statutory Form

Maryland Personal Financial Power of Attorney Statutory Form Information

17-202. Statutory form - Personal financial power of attorney

Powers included;
Real property
Stocks and bonds
Banks and other financial institutions
Insurance and annuities
Claims and litigation
Taxes

17-101 (b)(1) "Agent" means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney--in--fact, or otherwise.
(2) "Agent" includes an original agent, coagent, successor agent, and a person to which an agent's authority is delegated.
This form allows for successor agents in the case an agent can't or won't act, co-agents (two or more agents) who are required to act together unanimously unless you otherwise provide in this form.

Included is an "Agents Certification Form" often required by third parties, when an agent acts on behalf of the principal.
17-101 (e) "Principal" means an individual who grants authority to an agent in a power of attorney.

Proper notary authentication.
17-110. Requirements
(a) A power of attorney executed on or after October 1, 2010, shall be:
(1) In writing;
(2) Signed by the principal or by some other person for the principal, in the presence of the principal, and at the express direction of the principal;
(3) Acknowledged by the principal before a notary public; and
(4) Attested and signed by two or more adult witnesses who sign in the presence of the principal and in the presence of each other.
(b) The notary public before whom the principal acknowledges the power of attorney may also serve as one of the two or more adult witnesses unless the notary public is using communication technology under 18--214 of the State Government Article to perform the notarial act for a remotely located principal.

For use in Maryland only.

Deeds.com Maryland Personal Financial Power of Attorney Statutory Form Forms Have Been Updated as Recently as Wednesday February 22, 2023

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