Power of attorney for receiving money: why is it needed, and how to properly register it?

A power of attorney for receiving money is a special document that entitles a certain person to dispose of the account holder's finances. In order for it to be valid, it should be certified by a notary, although there are cases when there is no need for such a procedure. Let's look in more detail what kind of document it is, why it is needed, and how it should be made out.

What is a power of attorney for receiving money? Varieties of submitted documents

So, the power of attorney for receiving funds is a paper that an organization or an individual can issue and that ensures the right of the person who received it to receive financial resources (payments, pensions, salaries) and dispose of them. There is an entire procedure for issuing this document. In addition, the power of attorney can be declared invalid.

There are several types of powers of attorney:

- one-time (on it you can receive a certain amount of money only once, it operates for a very short period of time);

- General (gives the authorized person the full breadth of the authority to grant him financial resources);

- special (has a very narrow range of operations).

What documents are needed for registration, and what items should the document contain?

In order for this paper to be valid, at the time of registration, a very small list of documents should be provided:

- passport (on both sides);

- identification code;

- the legal address of the principal (if necessary).

As for the period when the submitted paper will be valid, it should be indicated at the time of its compilation. However, the maximum period usually does not exceed 36 months from the date of signing the document. Now let's consider which items should contain a power of attorney for receiving funds:

1. Passport data of those persons who enter into a transaction (also TIN, legal address, OGRN).

2. Surnames and initials of the trusted parties.

3. The basis that makes it possible to conclude such a document.

4. Place of issue, as well as the date when the power of attorney was attested.

5. Signature of the person who issues the document (of course, with the surname and initials).

6. Indication that this document allows only the receipt of money.

7. Determination of the right to transfer power of attorney to other persons.

8. Duration of the document (if it is not specified, then most often the paper becomes invalid 12 months after the date of signing).

Features of the design of the power

First of all, it should be noted that it can not exist in verbal form. That is, all the conditions, terms and content of powers should be stated on paper. At the same time, it must be certified with the seal of the organization and the notary.

A power of attorney for receiving funds must necessarily be signed by a person who delegates authority to another person. As for the legal successor, his assurance is not obligatory, since the transaction is one-sided. That is, a trustee can either refuse to perform the authority, or transfer it to a third party (if such is specified in the document).

To date, there are lots of patterns of powers of attorney, in which only necessary to fill the necessary points. The document must always be with the person to whom it was issued. It should be noted that the power of attorney from the organization must be signed not only by its head, but also by the chief accountant. The document is certified by the seal of the company and the notary.

When can I recognize a document as invalid, and how?

The power of attorney loses its validity in the following cases:

- the period of its validity has expired;

- it was canceled by the person who issued it;

- the successor or principal has died;

- the legal entity that received (issued) the document, ceased to operate;

- performance of the specified authorities or refusal from them;

- Judgment.

The procedure for cancellation of the document must also be recorded on paper. For example, the head of the organization must issue a special order to terminate the power of attorney. After this, the previously issued document must be returned to the person who issued it.

In what cases does the document not require a notarization? Who else can attest the power of attorney?

So, in order for the submitted document to have any legal effect, it must be certified by a specialist (notary). However, there are situations when his work is impossible. In these cases, a power of attorney from an individual can be attested by other people:

- Directors of social protection institutions, places of deprivation of liberty;

- the head physician or the head of the military hospital (part);

- Commander of the ship.

You do not need notary services in the event that you need to issue a document for receiving a pension, salary, scholarship, alimony. To certify such a power of attorney, it is sufficient to sign and seal the official of the organization that issues the submitted funds.