An Oklahoma statutory durable power of attorney authorizes an agent to make financial decisions for another party (legally identified as the “principal”). The powers granted to the agent can be placed into effect immediately, at a future date, or upon the incapacity of the principal. Due to the durable nature of this power of attorney, the agent’s authority will remain valid even if the principal loses the capacity to make competent decisions or they become physically disabled.
Agent’s Duties – 58 O.S. § 3014
Signing Requirements (58 O.S. § 3005) – Notary Public
Statutory Form – 58 O.S. § 3041
Statute – 58 O.S. § 3002(2)
“Durable”, with respect to a power of attorney, means not terminated by the principal’s incapacity.