Power Of Attorney Act Malaysia

In general circumstances a power of attorney will automatically be revoked upon the death of either the donor or the donee.

Power of attorney act malaysia. The grantor also referred to as the donor or principal allows an agent to act in his name in private or business matters. 1 this act may be cited as the powers of attorney act 1949. 31st december 1989 date of publication in the gazette of revised edition. Either the donor or the donee may register his her power of attorney documents or by any lawyer presenting such documents at the power of attorney registration office high court of malaya kuala lumpur or at any registration office of the high court of malaya in west malaysia.

2 this act shall apply to the states of peninsular malaysia only. In west malaysia before a person as listed in section 3 1 a i until vii. Poa is a legal document which allows a person referred to as the donor to appoint another person known as the donee which authorises the donee to act on behalf of the donor in any dealings of physical or non physical assets such as land property shares or intellectual property. Outside west malaysia before a person as listed in section 3 1 b i until ix.

Foreign investors who need and attorney in fact to handle their business affairs while they are not in the country can conclude a power of attorney in. A power of attorney pa is a document which expressly appoints another either a natural person or persons or a corporation or corporations who have the capacity to act on behalf of the person or. Laws of malaysia act 424 powers of attorney act 1949 an act relating to powers of attorney. 1 january 1950 l n 632 1949 short title and application 1.

Microsoft word power of attorney ib author. 31st march 1990 arrangement of sections long title. 3 18 2019 1 1 acts supplement updated principal acts laws of malaysia act 424 powers of attorney act 1949 revised 1990 date of coming into operation. 632 49 revised up to.

Power of attorney can be created based on valuable consideration or purely out of love and affection where there is no consideration involved. The power of attorney is a special document that grants one individual the authority to act on behalf of another person. I two 2 sets. 1st january 1950 l n.

However pursuant to section 6 of the power of attorney act 1949 where a power of attorney is given for valuable consideration. 29th december 1990 date of coming into operation of revised edition. What is power of attorney. 3 how to register a power of attorney document.

Use appropriate form set out in the first schedule. For sabah and sarawak solicitors to insert the applicable authentication clause title.