What to keep in mind
Preparation includes reviewing the articles, corporate decisions, form of power, authority to subdelegate and any registration or documentary requirements for third parties.
An overly broad or outdated power may expose the company to unauthorized commitments or challenge.
Distinctions often confused
Statutory representation of a company is not identical to contractual representation under a power of attorney.
Frequently asked questions
Does every company representative need a notarized power?
Not necessarily. The applicable form depends on the act and the source of authority.
Does a power of attorney remain valid after a change of directors?
Its terms and legal regime should be reviewed; a change of officers does not invariably revoke every power.
Informational content. It is not a substitute for professional advice.