Maryland Statutory Limited Power of Attorney Form
The Maryland Statutory Limited Power of Attorney is a form made up of terms that grant authority to an individual or entity (legally termed the Agent) to act on another party’s behalf (termed the Principal) in a restricted manner. That is, the Agent cannot freely act on the Principal’s behalf—they are legally-bound to only act in the circumstances dictated by the Power of Attorney. Moreover, they can only act in the manner the Principal has described in the form. For example, if the form only regards the Principal’s finances, the Agent cannot use the powers they have been bestowed to handle their property matters as well.
State Laws & Signing Requirements
State Laws – Maryland General and Limited Power of Attorney Act
Signing Requirements (§ 17-110) – At the time the Principal signs the form, the presence of two (2) witnesses as well as a Notary Public is necessary in order to meet state law requirements. The witnesses are additionally required to attest and sign the Statutory Limited (Special) Power of Attorney Form in order for it to be valid.