An Arkansas limited power of attorney allows an individual (the principal) to authorize another person (the agent) to act on their behalf in specific matters or transactions, such as managing real estate dealings or conducting business operations.
This legal document grants the agent the power to perform only the tasks explicitly stated, ensuring that the principal’s interests are protected while limiting the agent’s authority. The agent’s powers and duration should be clearly defined to prevent misuse.
Legal Considerations
Statute – Title 28, Chapter 68 (Uniform Power of Attorney Act).
Authority – § 28-68-201 – An agent under a power of attorney can only perform specific actions on behalf of the principal if expressly authorized and not restricted by other agreements.
Signing Requirements – § 28-68-105 – Notary public.
Related Forms
