Alaska Limited (Special) Power of Attorney Form
The Alaska Limited (Special) Power of Attorney is a document that is used to assign specific authority to an individual for a short period or until the task has been completed. It is commonly used in situations in which the principal (person signing over decision-making power) is out-of-town or sick, and needs a certain action completed such as the signing of a contract. The principal will need to enter the date the document goes into effect; the contract can be revoked anytime, and in the case of the principal’s incapacitation, it will be terminated automatically. For the document to be useable, Alaska law requires the principal and agent to sign the contract in the presence of a licensed Notary Public.
State Laws & Signing Requirements
Signing Requirements (AS 13.26.600): In order for the limited POA to be deemed valid in Alaska, the principal needs to sign the form in view of a Notary Public.
Additional Considerations: It is recommended that the agent have a clear understanding of the duties they are legally required to uphold according to § 13.26.610. A few important takeaways from the statute are 1) the agent does not exceed the powers granted to them, 2) the agent keeps a record of every transaction that was made in the name (or on behalf of) the principal, and 3) the agent is to act in the principal’s best interest at all times.