How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Buachaill Your Own Question
Buachaill, Barrister
Category: Law
Satisfied Customers: 10981
Experience:  Barrister 17 years experience
Type Your Law Question Here...
Buachaill is online now

What happens if I sign Power of Attorney to the Directory of

This answer was rated:

What happens if I sign Power of Attorney to the Directory of a company i'm invested in? Can he sell my share holding without my consent?

Buachaill :

1. A power of attorney effectively makes the person getting the power of attorney, known as the donee, your agent for all purposes connected with whatever your power of attorney relates to. So if you give a director of a company a power of attorney over your shares, he may vote them, pledge or mortgage them, sell them or otherwise deal with them as he wants. So before you do this, you should place some limitations upon the freedom of action you are giving this director by giving him a Power of Attorney over your shares. Otherwise you could wake up one day and find your shares sold.


Thanks Buachaill, I figured that might be the case

Buachaill and other Law Specialists are ready to help you