What is an authorized signatory?
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What is an authorized signatory?

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Quick Answer

An authorized signatory is an individual who has legal power to sign an official document on behalf of someone else, according to The Law Dictionary. Authorized signatories also sometimes act on behalf of businesses to commit to binding agreements, notes BusinessDictionary.com.

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Individuals who act as authorized signatories typically are named to the position by an authorized individual or group, BusinessDictionary.com notes. An appointment of an individual as an authorized signatory may be on a permanent basis or for specific purposes of temporary duration. The Law Dictionary notes that acting as an authorized signatory can include acting as power of attorney, signing documents in place of someone else and witnessing legal documents.

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    An individual creates a power of attorney form by deciding who acts on his behalf in the event he is unable to do so; he lists the person's contact information and signs the document to make it legal, according to Rocket Lawyer. A power of attorney form can be created online.

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    A power of attorney is a legal document that gives one person, the attorney-in-fact, certain legal rights in the name of someone else, the principal, according to the Connecticut Network for Legal Aid. The attorney-in-fact, who has been given this power by the principal, may legally act on his behalf.

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    According to The Law Dictionary, to sign a letter on behalf of someone else, the person signing must use the designation "p.p.," which stands for per procurationem, preceding his signature. The name of the person for whom the document is being signed must be printed above or below the signature.

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