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.[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”.[2]
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.