Trustee and his powers

Modern legislative acts and normative documents of the Russian Federation are a complex list of all the rights, freedoms, duties and responsibilities of every citizen of the state. These papers contain a great many complex concepts, which it is sometimes extremely difficult to decipher to a person who is ignorant in this field. In this case, there are thousands of nuances, without the knowledge of which you can easily find yourself in a difficult situation. That is why it is necessary to understand at least some definitions, in order, in other words, not to get trapped.

One such concept is a "trustee". This phrase can be found in many points of important documentation, as well as in everyday life. Consider the situations in which you may encounter this definition, as well as the essence of these words.

So, what is a trustee? If you turn to the legal dictionaries, then you will find several interpretations of the term in them.

1. An individual who receives the authority to act as an assistant to a candidate for deputies for the period of political and agitation campaign (contributes to the election of the person to the desired post).

2. A citizen or organization appointed as administrator of bankruptcy property. These powers are given to it by a meeting of creditors or by arbitration. This is done to ensure that the firm (or the individual) correctly and correctly redistributes property formerly owned by the bankrupt. An indispensable condition is disinterestedness.

3. The person to whom the principal instructs to act in their own interests and on their own behalf. Such a right must be legally certified by a notary. Otherwise, the trustee loses his legal legal status.

4. Anyone who commits a transaction of any nature on behalf of the principal on the basis of the right obtained on the basis of the relevant document.

In order for a person to obtain such a legal status, it is necessary, first of all, in accordance with all the rules, to issue a document to him. He will continue to serve as the basis for all actions. The document is called "power of attorney". On behalf of a legal entity, such a paper will be drawn up somewhat differently than in the case of a citizen. However, in real life, we most often encounter the latter case.

For example, a depositor forms a term deposit with a credit institution . But he is not sure that at any time he will be able to dispose of it at his discretion (illness, travel, accident , etc.). In this case, the employee of a commercial bank will most likely offer to appoint a trustee and draw up an appropriate document that will confirm the right of a third person to act in the interests and on behalf of the depositor. In this situation, it should be remembered that the papers drawn up and signed by an authorized person representing the interests of the credit institution, if there is an imprint of the official press, are valid as well as notarial. The power of attorney of a legal entity is, by the way, compiled according to similar rules. Therefore, the depositor does not need to apply to the notary and pay for his services for issuing a similar document. However, the job description of a specialist should clearly specify the ability to draw up such papers. Otherwise, the trustee at the address to the bank will not be able to dispose of the deposit at its discretion. Therefore, if it is a large sum of money, it is best to personally verify the legitimacy of the actions of an employee of a credit institution in order to avoid such unpleasant situations.

Do not be lazy to appeal once again to regulatory acts and legal documents, if the situation is of particular importance to you. Sucking in the subtleties of Russian legislation is a guarantee of peace.