Powers of Attorney (Vema Seamount) Act, 2019 comes into operation

The Powers of Attorney (Vema Seamount) Act, Mount Vema 2019 has come into operations today as Order No.18 SI/MV2019/18 just hours after the Royal Mount Vema Seal of Approval was granted. Made: 17th of December 2018, in accordance with the Vema Seamount Declaration of Sovereignty.
 
The Act was introduced to pave the way for the Mount Vema Law of Property to be introduced this month, and to make provision in relation to powers of attorney and the delegation by trustees of their trusts, powers and discretions in the Kingdom of Mount Vema.
               
The legislation includes execution of powers of attorney, proof of instruments creating powers of attorney, powers of attorney given as security, protection where power of attorney is revoked, and protection for transferees under stock exchange transactions.