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The Oklahoma General (Financial) Power of Attorney authorizes the expressed allocation of rights passed from one owning individual to another agent. When the principal wishes to appoint an alternate person as a designated agent, it is typically to delegate specified tasks, allowing for business to be conducted in their absence. The provided form can be used as a tool to determine the areas where an attorney-in-fact will be able to communicate and/or act on behalf of the declarant for a signified period. The paperwork can be completed to meet the user’s demands, allowing for identified selection of each of the desired privileges to be bestowed at the discretion of the principal party.

Laws

Statute – Oklahoma Statutes Citationized Title 58 Chapter 29 – Uniform Power of Attorney Act (58 O.S. § 3001 – 3045)

Definitions – “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 (58 O.S. § 3002(7)).

Signing Requirements – Two (2) disinterested witnesses will need to be on-site to attest to and endorse the contract along with an appointed notary official. Beginning November 1, 2021, notary approval will be the only requirement to effectively enforce the commitment (58 O.S. § 3005).

Revocation – 58 O.S. § 3010