Power of attorney to sell shares Template - Word/PDF

Product description: Power of Attorney to Sell Shares - Template in Word and PDF

Overview

Welcome to our professionally designed Power of Attorney to Sell Shares document template, available for download in both Word and PDF format. This template is designed to facilitate the sale of shares by giving a power of attorney the right to act on behalf of the power of attorney. The document is carefully drafted to ensure that all necessary legal aspects are covered, making the process simple and legally secure for all parties involved.

Content of the Template

The template is divided into several sections to ensure that all necessary details are included:

Power of attorney (Principal)

• full name
• Social security number
• Address

Power of Attorney (Power of Attorney)

• full name
• Social security number
• Address

Scope of the power of attorney

• Specification of the number of shares and in which company they are to be sold
• The right to enter into and sign all necessary agreements and documents

Validity of the power of attorney

• Start and end date or until revocation takes place in writing
• Possibility of withdrawal at any time by written notification

Witness (Optional but Recommended)

• Name, social security number, address and signature of two witnesses

Signature

• The signatures of the person giving power of attorney and the person receiving power of attorney
• Place and date of signature

Legal Requirements and Case Law

In order for the power of attorney to be valid according to Swedish law, the following requirements must be met:

Voluntariness and Use of Mind : The person giving the power of attorney must establish the power of attorney voluntarily and be of sound mind, which means that the person understands the meaning of the act.

Legal Age : The proxy must be at least 18 years old.

Attestation : Although attestation is not a legal requirement for the power of attorney to be valid, it is highly recommended as it increases the probative value of the document in the event of any disputes.

Laws and regulations

Some of the relevant laws and regulations governing the use and validity of powers of attorney in Sweden include:

The Contracts Act (1915:218) : Generally regulates contract law in Sweden and includes provisions on powers of attorney.

Aktiebolagslagen (2005:551) : Specific to limited companies and regulates how shares may be transferred and which authorizations are required.

The Act on Powers of Attorney (2017:310) : Contains provisions on powers of attorney that can come into force on future occasions, for example in the event of illness.

Common questions

1. Does the power of attorney have to be witnessed? No, according to Swedish law, the power of attorney does not need to be witnessed to be valid, but it is strongly recommended to increase its probative value.

2. How long is a power of attorney valid for? A power of attorney is valid from the date it becomes effective until the expiration date specified or until it is revoked in writing by the person giving the power of attorney.

3. Can I revoke a power of attorney? Yes, the power of attorney can be revoked at any time by written notification to the power of attorney.

4. Can I use this template to sell shares in several companies? Yes, the template can be adapted to include multiple companies and shares, as long as this is clearly specified in the document.

Tips for Use

Check Carefully : Before signing and using the power of attorney, make sure all details are filled in correctly and that both parties understand their rights and responsibilities.

Consult a Lawyer : In case of uncertainty or complex cases, it is recommended to consult a lawyer to ensure that the power of attorney is correctly drafted.

Keep Copies : Both the grantor and the grantee should keep copies of the signed power of attorney for their records.

Download and Use

After purchase, the template can be downloaded directly and is available in both Word and PDF format. This allows for easy customization and printing according to your specific needs.

Our document template for authorization to sell shares is designed to meet all legal requirements and facilitate the process for both individuals and companies. By using our template, you can be sure that your power of attorney is correctly drafted and legally binding.