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The Minnesota Limited (Special) Power of Attorney is a type of POA that can be modified by the principal to deliver a custom authority to their agent, whereas other versions only offer broad sweeping powers. For instance, if an individual would like their attorney-in-fact to merely cash a check on their behalf, they can write that in the description instead of granting them full access to their banking. The grantor can accomplish this form by supplying the names & addresses of both parties, outlining the terms of the arrangement, and furnishing a copy of their signature.

Laws

Statutes – Chapter 523: Powers of Attorney

Definition – “As used in this chapter, ‘power of attorney’ means a validly executed power of attorney.” (523.03(3))

Signing Requirements – In the case of a signature on behalf of the principal, by another, or by a mark, the acknowledgment of a notary public is required (§ 523.01). Even if the principal signs the document directly, it is still recommended to have the document notarized.