The Mississippi General (Financial) Power of Attorney is an alternative document for those who wish to grant personal privileges to another individual of their choice, but do not want the authority to resume should they fall into an incapacitated state. The powers conveyed are specific to the principal’s financial background, meaning that the appointee can act as the grantor in regard to their banking, property, or any other related matter depending on what is selected within the form. The relationship between both parties can be formed by recording the unique information within the instrument and endorsing it as necessary (notarization recommended).
Laws
Statutes – There are no specific statutes regulating the use of a non-durable POA. Apart from the portions mentioning the instrument’s durability, individuals partaking in this document should refer to sections 87-3-101 – 87-3-113 of the “Uniform Durable Power of Attorney Act”, as well as HB 468 (the current house bill submitted for approval).
Definition – There is no legal definition for a non-durable POA within the content of Mississippi’s law code. That being said, Section 102(7) of HB 468 defines any POA as the following; “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used.
Signing Requirements – Although there is no legal statute concerning the execution of a power of attorney, the current house bill proposes that the principal should receive the acknowledgment of a notary public at the time of signing (HB 468, Section 105).
Other Versions
eForms Version
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eSign Version
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Related Forms
Advance Directive (Medical POA & Living Will)
Download: Adobe PDF
Durable (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)