Q&As

Is it possible to structure a single power of attorney to be granted by several different donor companies?

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Published on LexisPSL on 11/11/2014

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Is it possible to structure a single power of attorney to be granted by several different donor companies?

A power of attorney (POA) is a formal instrument, executed by deed, by which a legal person (the donor) gives another legal person or persons (the attorney(s)) authority to act in its name and on its behalf, either generally or for specific purposes.

There are several different types of POA. This Q&A assumes the POA in question is a general or specific power of attorney granted under the Powers of Attorney Act 1971, and not a lasting POA under the Mental Capacity Act 2005.

A donor may appoint more than one attorney to act either jointly (ie all attorneys are required to act collectively), or jointly or severally (ie just one of a number of attorneys can act individually) under the same instrument. It is also possible for the POA to specify that any two or more of a greater number of attorneys may act in any particular case, and/or to be structured in such a way that one attorney may act as a replacement for

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