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Chapter 10 - EXHIBIT 10C • ACKNOWLEDGMENT FORM FOR AGENT UNDER POWER OF ATTORNEY
Jurisdiction | Colorado |
I, the undersigned Agent, execute this Acknowledgment Form, and by such execution do hereby affirm that I:
1. Have read the power of attorney signed by __________, as principal, on __________ [date] (the "PoA");
2. Understand that when I accept the authority granted under the PoA, a special legal relationship is created between the principal and me, and that this relationship imposes legal duties and responsibilities upon me;
3. Acknowledge that it is my obligation to understand my duties and responsibilities under the PoA and the law, including, but not limited to, Colorado Revised Statutes §§ 15-14-707 - 718;
4. Understand that this Form is not intended to replace legal authority or advice and that I may consult with a lawyer, possibly at the principal's expense, if I have questions about this form or my duties and responsibilities as Agent;
5. Understand that I must act in good faith, do nothing beyond the authority granted in the PoA and disclose in writing my identity as an agent whenever I act for the principal, except as otherwise instructed by the principal;
6. Understand that, unless the PoA states otherwise, I must also:
• act loyally for the principal's benefit;...
• avoid conflicts that would impair
To continue reading
Request your trial- Orange Book Handbook: Colorado Estate Planning Handbook (2020 ed.) (CBA)
- Chapter 10 Powers of Attorney
- Chapter 10 - CHAPTER 10 POWERS OF ATTORNEY
- Chapter 10 - § 10.1 • FINANCIAL POWERS OF ATTORNEY
- Chapter 10 - § 10.2 • MEDICAL POWERS OF ATTORNEY
- Chapter 10 - EXHIBIT 10A • C.R.S. § 15-14-741: STATUTORY FORM — POWER OF ATTORNEY
- Chapter 10 - EXHIBIT 10B • PREFATORY POWER OF ATTORNEY WARNING NOTICE
- Chapter 10 - EXHIBIT 10C • ACKNOWLEDGMENT FORM FOR AGENT UNDER POWER OF ATTORNEY
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