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4565 Bayside Road - 06-117-23-21-0010
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Project Packet
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Page4 of 5 STATUTORY SHORT FORM POWER OF ATTORNEY MINNESOTA STATUTES, SECTION 523.23 <br />ACKNOWLEDGEMENT OF NOTICE TO ATTORNEY(S)-IN-FACT <br />AND SPECIMEN SIGNATURE OF ATTORNEY(S)-IN•FACT. <br />By signing below, I acknowledge I have read and understand the IMPORTANT NOTICE TO ATTORNEY(S)-IN-FACT required by Minnesota <br />Statutes, section 523.23, and understand and accept the scope of any limitations to the powers and duties delegated to me by this instrument. <br />THIS INSTRUMENT WAS DRAFTED BY: <br />(insert name and address) <br />John 8. Biglow Esq. <br />331 2nd Ave. South #895 <br />Minneapolis, MN 55401 <br />(Notarization not required) <br />Specimen signature of Attorney(s)-in-Fact <br />(Notarization not required) <br />IMPORTANT NOTICE TO THE PRINCIPAL <br />READ THIS NOTICE CAREFULLY. The power of attorney form that you will be signing is a legal document. It is governed by <br />Minnesota Statutes, chapter 523. If there is anything about this form that you do not understand, you should seek legal advice. <br />PURPOSE: The purpose of the power of attorney is for you, the principal, to give broad and sweeping powers to your attorney(s)-in- <br />fact, who is the person you designate to handle your affairs. Any action taken by your attorney(s)-in-fact pursuant to the powers you <br />designate in this power of attorney form binds you, your heirs and assigns, and the representative of your estate in the same <br />manner as though you took the action yourself. <br />POWERS GIVEN: You will be granting the attorney(s)-in-fact power to enter into transactions relating to any of your real or personal <br />property, even without your consent or any advance notice to you. The powers granted to the attorney(s)-in-fact are broad and not <br />supervised. THIS POWER OF ATTORNEY DOES NOT GRANT ANY POWERS TO MAKE HEALTH CARE DECISIONS FOR YOU. TO <br />GIVE SOMEONE THOSE POWERS, YOU MUST USE A HEALTH CARE DIRECTIVE THAT COMPLIES WITH MINNESOTA STATUTES, <br />CHAPTER 145C. <br />DUTIES OF YOUR ATTORNEY(S)-IN-FACT: Your attorney(s)-in-fact must keep complete records of all transactions entered into on <br />your behalf. You may request that your attorney(s)•in-fact provide you or someone else that you designate a periodic accounting, <br />which is a written statement that gives reasonable notice of all transactions entered into on your behalf. Your attorney(s)-in-fact <br />must also render an accounting if the attorney-in-fact reimburses himself or herself for any expenditure they made on behalf of you. <br />An attorney-in-fact is personally liable to any person, including you, who is injured by an action taken by an attorney-in-fact in bad <br />faith under the power of attorney or by an attorney-in-fact's failure to account when the attorney-in-fact has a duty to account under <br />this section. The attorney(s)-in-fact must act with your interests utmost in mind.
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