Ohio General (Financial) Power of Attorney Form
The Ohio General (Financial) Power of Attorney is a legal arrangement in which a party known as the “Agent” is either asked or hired by a party called the “Principal” to complete one or a set of tasks in their place. Depending on the task/s at hand, the Principal may wish to select a trusted individual (such as a friend or family member), a business professional, or a reputable entity as their Agent. By signing their name to the form, the Agent must comply with whatever conditions the Principal lists in the form, of which includes the fact that as a General Power of Attorney, the Agent’s powers will come to a total halt if the Principal ever enters into a state of incapacity.
State Laws & Signing Requirements
State Laws – Ohio Uniform Commercial Code
Signing Requirements (§ 1337.25 and § 1337.06) – A General Power of Attorney enacted in Ohio needs to be signed by the Principal and acknowledged by a Notary Public or a party with equivalent powers of acknowledgement. In cases the General POA concerns the transfer of personal property or the transaction of business, it also needs to be signed, acknowledged, and certified in a way compliant with § 5301.01 of the Revised Code.