The South Dakota Real Estate Power of Attorney validates a contractual understanding for an owner to allocate specific rights associated with a property to a designated individual. The form records the allotted terms and participant information of the agreement to legally distribute the selected controls to another as stated in the formal registry. A transaction of this nature may be exercised when the owner is not physically available to attend meetings to manage the estate holding or endorse related documents for transfer. The extended authority given will entitle the attorney-in-fact to make decisions, execute contracts, and perform other detailed actions in place of the owner, depending on the principal’s preference. Adjustments can be noted to meet the needs of the declarant and put into effect upon the document’s notarized execution.
Laws
Statute – South Dakota Uniform Power of Attorney Act (§ 59-12-1 – § 59-12-43)
Definition – “Property,” anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest or right in the subject (§ 59-12-1(10)).
Signing Requirements – Verification of the execution of the legal paperwork must be recorded by a notary to validate its lawful standing (§ 59-12-4).
Other Versions
Download: Adobe PDF, MS Word (.docx)
Related Forms
Durable (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)
Revocation of Power of Attorney
Download: Adobe PDF, MS Word (.docx)