What Is an Example of a Procuration Letter?
A procuration letter includes the name or names of the person or people needing to grant authority at the top with the proxy’s name or names at the bottom. According to The Law Dictionary, procuration is a legal process that grants one individual limited legal authority over another person, business or organization.
The power of procuration often relates to the ownership and management of a business or corporation. Once the proxy enters into an agreement with the owner of that company, the proxy earns the power of procuration. Proxies cannot sell any property relating to that business, and proxies cannot legally turn their control over to another party.
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