A South Dakota limited power of attorney enables a designated representative (the “attorney-in-fact”) to manage specific financial obligations and real estate matters on another individual’s behalf. The limited POA’s principal must clearly outline the delegated powers within the document.
Upon completion of assigned tasks or the revocation of responsibility by the grantor, the powers become null and void, terminating the agent’s authority. While the powers are in effect, the agent should act within the principal’s best interests and within the document’s confines.
Legal Considerations
Statute – South Dakota Uniform Power of Attorney Act.
Authority – § 59-12-23 – An agent can complete tasks on the principal’s behalf or perform specific tasks with the principal’s property if the form expressly grants the agent the authority. The document shouldn’t conflict with another agreement or instrument.
Signing Requirements – § 59-12-4 – Notary public.
Related Forms
