Oklahoma § 15-1003

Full text of Oklahoma Oklahoma Statutes § 15-1003, with citation guidance and answers to common questions.

§ 15-1003.

Statutory form for power of attorney.

STATUTORY FORM FOR POWER OF ATTORNEY

A. The following statutory form of power of attorney is legally

sufficient:

STATUTORY POWER OF ATTORNEY

NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING.

THEY ARE EXPLAINED IN THE UNIFORM STATUTORY FORM POWER OF ATTORNEY

ACT. IF YOU HAVE ANY QUESTIONS ABOUT THESE POWERS, OBTAIN COMPETENT

LEGAL ADVICE. THIS DOCUMENT DOES NOT AUTHORIZE ANYONE TO MAKE

MEDICAL AND OTHER HEALTH-CARE DECISIONS FOR YOU. YOU MAY REVOKE

THIS POWER OF ATTORNEY IF YOU LATER WISH TO DO SO.

I __________________________ (insert your name and

address) appoint ____________________________ (insert the

name and address of the person appointed) as my agent

(attorney-in-fact) to act for me in any lawful way with

respect to the following initialed subjects:

TO GRANT ALL OF THE FOLLOWING POWERS, INITIAL THE LINE IN FRONT

OF (N) AND IGNORE THE LINES IN FRONT OF THE OTHER POWERS.

TO GRANT ONE OR MORE, BUT FEWER THAN ALL, OF THE FOLLOWING

POWERS, INITIAL THE LINE IN FRONT OF EACH POWER YOU ARE GRANTING.

TO WITHHOLD A POWER, DO NOT INITIAL THE LINE IN FRONT OF IT.

YOU MAY, BUT NEED NOT, CROSS OUT EACH POWER WITHHELD.

INITIAL

_______ (A) Real property transactions.

_______ (B) Tangible personal property transactions.

_______ (C) Stock and bond transactions.

_______ (D) Commodity and option transactions.

(E) Banking and other financial institution

transactions.

_______ (F) Business operating transactions.

_______ (G) Insurance and annuity transactions.

(H) Estate, trust, and other beneficiary

transactions.

(I) Claims and litigation.

Oklahoma Statutes - Title 15. Contracts

_______ (J) Personal and family maintenance.

_______ (K) Benefits from Social Security, Medicare,

Medicaid, or other governmental programs,

or military service.

_______ (L) Retirement plan transactions.

_______ (M) Tax matters.

_______ (N) ALL OF THE POWERS LISTED ABOVE. YOU NEED NOT INITIAL

ANY OTHER LINES IF YOU INITIAL LINE (N).

SPECIAL INSTRUCTIONS:

ON THE FOLLOWING LINES YOU MAY GIVE SPECIAL INSTRUCTIONS LIMITING OR

EXTENDING THE POWERS GRANTED TO YOUR AGENT.

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

(Attach additional pages if needed.)

UNLESS YOU DIRECT OTHERWISE ABOVE, THIS POWER OF ATTORNEY IS

EFFECTIVE IMMEDIATELY AND WILL CONTINUE UNTIL IT IS REVOKED.

This power of attorney will continue to be effective even though

I become disabled, incapacitated, or incompetent.

STRIKE THE PRECEDING SENTENCE IF YOU DO NOT WANT THIS POWER OF

ATTORNEY TO CONTINUE IF YOU BECOME DISABLED, INCAPACITATED, OR

INCOMPETENT.

I agree that any third party who receives a copy of this

document may act under it. Revocation of the power of attorney is

not effective as to a third party until the third party learns of

the revocation. I agree to indemnify the third party for any claims

that arise against the third party because of reliance on this power

of attorney.

Signed this _______ day of _______________, 19__

______________________________

(Your Signature)

_______________________________

(Your Social Security Number)

State of ______________________

(County) of ___________________

This document was acknowledged before me on

_______________ (Date) by _________________________

(Name of principal)

_______________________________

(Signature of notarial officer)

Oklahoma Statutes - Title 15. Contracts

(Seal, if any)

_______________________________

(Title and Rank)

My commission expires:________________

BY ACCEPTING OR ACTING UNDER THE APPOINTMENT, THE AGENT ASSUMES

THE FIDUCIARY AND OTHER LEGAL RESPONSIBILITIES OF AN AGENT.

B. A statutory power of attorney is legally sufficient under

this act, if the wording of the form complies substantially with

subsection A of this section, the form is properly completed, and

the signature of the principal is acknowledged.

C. If the line in front of (N) of the form under subsection A

of this section is initialed, an initial on the line in front of any

other power does not limit the powers granted by line (N).

Added by Laws 1998, c. 420, § 3, eff. Nov. 1, 1998.

Frequently Asked Questions About Oklahoma § 15-1003

What does Oklahoma Statutes § 15-1003 cover?

Section 15-1003 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Oklahoma § 15-1003?

A common citation format is "Oklahoma Statutes § 15-1003" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Oklahoma law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.

How does Oklahoma § 15-1003 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.