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POWER OF SUBSTITUTION RELEASE Form hereby irrevocably constitute and appoint: as attorney to transfer the securities named in the attached Irrevocable Stock Power of Attorney with like power of substitution.

How to fill out power of substitution

How to fill out power of substitution

1. Start by obtaining the power of substitution form from the appropriate authority or website.
2. Fill out your personal information correctly, including your full name, contact details, and address.
3. Specify the purpose of the power of substitution and the specific powers you want to grant to the substitute.
4. Provide the necessary information about the substitute, such as their full name, contact details, and address.
5. Clearly state the duration of the substitution, whether it is for a specific period or until revoked.
6. Sign and date the form.
7. Make sure to have the power of substitution form notarized or witnessed by a legal authority, if required.
8. Keep a copy of the filled out form for your records.
9. Submit the completed power of substitution form to the appropriate authority or institution, if required.

Who needs power of substitution?

1. Power of substitution can be useful for individuals who want to delegate their powers or responsibilities to another person in certain situations.
2. It may be needed by individuals who are unable to perform certain tasks or make decisions temporarily or permanently due to illness, absence, or other circumstances.
3. Business owners or managers may also require power of substitution to authorize someone else to act on their behalf in their absence.
4. Additionally, individuals involved in legal or financial matters may need power of substitution to grant someone else the authority to act on their behalf.

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What is power of substitution?

Power of substitution is the authority granted to someone else to act on behalf of another individual in legal matters or financial transactions.

Who is required to file power of substitution?

The individual who wishes to grant someone else the authority or power of substitution is required to file it.

How to fill out power of substitution?

Power of substitution can be filled out by providing the necessary information about the grantor and the substitute, along with details of the powers being granted.

What is the purpose of power of substitution?

The purpose of power of substitution is to allow someone else to act on behalf of an individual in various legal or financial matters when they are unable to do so themselves.

What information must be reported on power of substitution?

The power of substitution document must include details of the grantor, the substitute, the powers being granted, and the duration or conditions of the substitution.