Signing Requirements
The principal is the only person required to sign the form, though banks and other financial institutions may require the form to be notarized or witnessed (ORS 127.005(1)).
Definition of “Durable”
The Oregon Revised Statutes do not use the term “durable,” but state that “all acts done by an agent under a power of attorney during a period in which the principal is financially incapable have the same effect, and inure to the benefit of and bind the principal, as though the principal were not financially incapable” (ORS 127.005(4)).
Definition of “Power of Attorney”
The Oregon Revised Statutes mostly use the term “attorney-in-fact,” which means an adult validly appointed under ORS 127.540, 127.700 to 127.737 and 426.385 to make mental health treatment decisions for a principal under a declaration for mental health treatment and also means an alternative attorney-in-fact.
Statutory Form
The Oregon Revised Statutes do not include a sample statutory power of attorney form, but language concerning powers of attorney can be found in Chapter 127 of the Oregon code.