Revocation of company power of attorney
Revocation of company power of attorney
What’s included?
✔︎ Revocation of company power of attorney template
✔︎ Important information
✔︎ Signing instructions
✔︎ Easy to complete
✔︎ Easy to edit in Word
✔︎ Instant download
About this template
A power of attorney is a legal document that grants a person or organisation the power to act on behalf of another person or company. A company power of attorney is typically granted to an individual or organisation to act on behalf of the company in legal or financial matters.
If a company wishes to revoke a power of attorney, there are several steps that need to be taken. The process may vary slightly depending on the state or territory where the company is registered, but in general, the following steps should be followed:
Notify the attorney: The company should notify the person or organisation holding the power of attorney that it wishes to revoke the power of attorney.
Prepare a revocation document: The company should prepare a formal revocation document that clearly states the power of attorney is revoked, and include the date of the original document, the name of the attorney, and the reason for revocation (if applicable).
Sign the revocation document: The revocation document must be signed by a director or company secretary of the company, or by someone who has been authorised by the company to sign legal documents.
Notify third parties: If the attorney has been acting on behalf of the company in legal or financial matters, the company should also notify any relevant third parties of the revocation of the power of attorney. This could include banks, government agencies, or other organisations that have been dealing with the attorney on behalf of the company.
It's important to note that revoking a power of attorney does not necessarily terminate any agreements or transactions that were entered into by the attorney on behalf of the company prior to the revocation. The company may need to take additional steps to unwind or terminate any ongoing transactions or agreements.
This template can be used when one or more of the appointed attorney’s powers have or will be revoked.
What's included?
Revocation of company Power of Attorney template - Word doc - Fill-in-the-blanks
This template is to revoke a general power of attorney that empowers a person to execute documents on behalf of a company or other commercial entity, such as a partnership. It can be used for one or more of the appointed attorney’s. Includes brief information about company powers of attorney, the execution of documents by a corporation and signing instructions.
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