Powers of attorney are a document that can be of great help to us when we ourselves cannot carry out the management of a procedure, so we have to resort to the help of a third party to take care of its execution. With this act, the person who will help us will have no problems with the company or institution to carry out the procedure on our behalf.
In legal terms, the Power of Attorney is a legal act, with which a person (the Principal), unilaterally grants representative powers and mandate to another individual (the Attorney), so that certain proceedings, whether of an administrative or legal nature.
This can be used for administrative, commercial, criminal, commercial, civil procedures, among others, such as:
As you can see, the powers of attorney can be used for legal entities as well as for natural persons, depending on the nature of the procedure or procedure that you want to delegate. It must also be remembered that there are different types of powers that are normally divided into two, the general and the special.
The GENERAL POWER OF ATTORNEY it serves to grant a third party an indefinite series of legal acts and is not exhausted with its use, therefore, the attorney-in-fact can carry out multiple steps on behalf of the principal until the power of attorney is revoked, or, one of the parties dies.
The SPECIFIC POWER OF ATTORNEY they are used for a single act or specific acts and are automatically extinguished with the conclusion of the matter or matters. This type of power provides greater security to the grantor since the attorney-in-fact cannot intervene in other acts that are not specifically determined.
From the general powers, they derive three classifications that will depend according to the use that is going to be given to them; these are the following:
So that you can have a clearer use of powers of attorney, we share some examples of both a natural person and a legal person.
Alma Delia lives in Cancun, but is originally from Mexico City. In her place of origin, she owns a small apartment in the Cuauhtémoc mayor’s office, which a person is interested in buying from her. Alma Delia for work reasons cannot go to Mexico City, so she has decided to grant a Power of Attorney with Acts of Domain to her husband so that he can manage the purchase and sale of the property on her behalf .
The Steering Committee of the financial institution "El Popular" has decided that Mr. Miguel Montemayor is responsible for carrying out the administrative acts to recover the past due portfolio of his payroll loans. For this, the Steering Committee will empower the licensee so that on his behalf he can recover the lost assets, through a Power of Attorney for Lawsuits and Collection.
Remember that granting powers of attorney is not a matter to be taken lightly, since we could expose the integrity of our assets, or even if the process is not carried out with due process, we could incur crimes such as fraud.
The best thing is to always be advised, that is why we invite you to advise us so that you can select the public notary that offers you the best benefits and protections.
* REMEMBER: all Defend Abogados ® consultancies already include IVA.
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