Signing Requirements
The principal must sign and have their signature acknowledged in the presence of a notary public.[1]
Powers Granted
A principal may grant an agent the power to do any legal action that the principal may do through an agent and can include management of things such as:[2]
- real state transactions;
- chattel and goods transactions;
- bond, share and commodity transactions;
- banking transactions;
- business operating transactions;
- insurance transactions;
- claims and litigations;
- benefits from military service;
- records, reports and statements; and
- other matters defined by the principle.
“Durable” Definition
Rhode Island law does not define “durable” but permits a principal to set the duration of a power of attorney.[1]
“Power of Attorney” Definition
“Power of attorney” is not explicitly, defined, but the state’s statutory form permits a principal to specify the powers he or she is delegating to the attorney-in-fact.[1]
Statutory Form
Yes, the State of Rhode Island has a statutory form.[2]