Modern legislative acts and normative documents of the Russian Federation constitute a complex list of all the rights, freedoms, duties and responsibilities of every citizen of the state. These papers contain a great many complex concepts, which it can be extremely difficult to decipher for a person who is not knowledgeable in this field. Moreover, there are thousands of nuances without which you can easily find yourself in a difficult situation. That is why it is necessary to understand at least some definitions so that, in other words, not to get into a mess.
One such concept is a “trustee”. This phrase can be found in many points of important documentation, as well as in everyday life. Consider situations in which you may encounter this definition, as well as the essence of these words.
So what is a proxy? If you turn to legal dictionaries, then in them you will find several interpretations of this term.
1. An individual who receives the authority to act as an assistant to a candidate for deputy for the period of the political and campaigning (contributes to the election of the person to the desired post).
2. A citizen or organization appointed as the administrator of the bankruptcy property. These powers are given to her by a meeting of creditors or by arbitration. This is done so that the company (or an individual) correctly and competently redistributes the property that previously belonged to the bankrupt. A prerequisite is disinterest.
3. The person to whom the principal instructs to act in their own interests and on their own behalf. Such a right must be certified by a notary. Otherwise, the trustee loses his official legal status.
4. One who makes a transaction of any nature on behalf of the principal on the basis of the right obtained on the basis of the relevant document.
In order for a person to obtain such legal status, it is necessary, first of all, in accordance with all the rules to draw up a document for him. It will continue to serve as the basis for all actions. The document is called a “power of attorney”. On behalf of the legal entity, such a paper will be issued in a slightly different way than in the case of a citizen. However, in real life, most often we are faced with the latter case.
For example, a depositor draws up a term deposit with a credit institution . But he is not sure that at any time he will be able to dispose of it at his discretion (illness, travel, accident , etc.). In this case, an employee of a commercial bank will most likely propose to appoint a trustee and draw up an appropriate document that will confirm the right of a third party to act in the interests and on behalf of the depositor. In such a situation, it should be remembered that papers drawn up and signed by an authorized person representing the interests of a credit institution, if there is an imprint of the official seal, have legal force on a par with notarial ones. The power of attorney of a legal entity is drawn up, by the way, according to similar rules. Therefore, the depositor does not need to contact the notary and pay his services for the execution of a similar document. However, the job description of a specialist should clearly spell out the ability to draw up such papers. Otherwise, the authorized person, when contacting the bank, will not be able to dispose of the deposit at its discretion. Therefore, when it comes to a large sum of money, it is best to personally verify the legitimacy of the actions of a credit institution employee in order to avoid such unpleasant situations.
Do not be too lazy to turn once again to regulations and legal documents if the situation is of particular importance to you. Knowledge of the intricacies of Russian law is the key to peace of mind.