If you are buying or selling a gas station, garage or other property with history of hazardous materials, you must comply with the CT Transfer Act. This is the best summary of that Act. http://www.ct.gov/deep
Connecticut law allows for a person to empower another to perform certain acts as if the person were doing the act themselves. The power of attorney identifies various business and financial transactions which may be delegated. Care should be taken to properly choose or eliminate the scope of the power of attorney. Often the power of attorney contains directions such as “Strike out and initial the opposite box any one or more of the subdivisions as to which the principal does NOT desire to give the agent authority.”
Care should be taken that the power of attorney is properly executed with the appropriate witnesses and should be signed in front of a notary. If possible the document should be pre- approved by the person who is being asked to rely on the power of attorney to avoid any problems at the time of transaction. |
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