Conference Resolutions - Centre for Conveyancing Practice
Conference Resolutions - Centre for Conveyancing Practice
Conference Resolutions - Centre for Conveyancing Practice
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RCR 40 of 2008: General Power of Attorneys – Destroy or deliver after registration<br />
Question It is suggested that the word ‘destroyed’ alluded to in the resolution be<br />
substituted with ‘endorsed as to the fact that it may not be used <strong>for</strong> purposes of<br />
registration in any deeds registry’. Does <strong>Conference</strong> agree?<br />
Resolution Yes. See RCR 40 of 2008, as amended. (RCR 40 of 2008 is amended to read<br />
as follows:<br />
General Power of Attorneys – Destroy or deliver after registration<br />
Be<strong>for</strong>e microfilming was introduced in deeds registries the agent was left without<br />
his/her instrument of appointment once the general power of attorney has been<br />
registered. The remedy <strong>for</strong> him/her was to apply <strong>for</strong> a certified copy. The<br />
question, which now arises, is whether the general power of attorney should be<br />
endorsed as to the fact that it may not be used <strong>for</strong> purposes of registration<br />
in any deeds registry?<br />
Resolution The General Power of attorney must be endorsed after scanning as to the fact<br />
that it may not be used <strong>for</strong> purposes of registration in any deeds registry.”) –<br />
(RCR9/2011).<br />
After registration of general Power of Attorney granted by Bank / Company - change of<br />
name / transfer of assets<br />
Question Can an agent appointed by a bank or company still act in terms of a power of<br />
attorney which was granted and registered by the bank or company who<br />
subsequently changed its name or transferred its assets to another entity?<br />
Resolution a) Yes, the power of attorney will not terminate with a change of name; but<br />
b) No, the power of attorney will terminate tacitly by the transfer to the new<br />
entity which is <strong>for</strong>med - (RCR41/2008).<br />
Revocation of General Power of Attorney by virtue of a revocation clause contained in<br />
the new General Power of Attorney lodged <strong>for</strong> registration<br />
Question Numerous general powers of attorney lodged <strong>for</strong> registration contain a clause<br />
revoking an existing power of attorney. Must a separate notice of revocation be<br />
lodged to cancel the existing general power of attorney?<br />
Resolution No. The registration of a general power of attorney and the revocation of an<br />
existing general power of attorney may be contained in the same document. In<br />
this instance the document will receive a PA code which code will also be used<br />
<strong>for</strong> purposes of the cancellation of the existing general power of attorney.<br />
However, the revocation of an existing general power of attorney may be<br />
contained in a separate document, constituting a separate registration act -<br />
(RCR42/2008).<br />
Cancellation of PA registered in more than one office<br />
Question General powers of attorney, especially by financial institutions, are registered<br />
separately in each deeds registry. Implementation of cancellation of powers of<br />
attorney by financial institutions registered in multiple deeds registries poses<br />
practical challenges.<br />
Resolution The status quo must remain – (RCR61/2010).<br />
February 2012 Self-Study Deeds Course<br />
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