The South Dakota Limited Power of Attorney Form lets the Principal limit the Agent’s power by giving them a single power or set of powers, rather than the broader powers given by the General Power of Attorney Form. This can often be used to give the Agent a specific task to accomplish, such as filing the Principal’s taxes or overseeing an investment.
This agreement is most often used by a Principal who is entirely capable of performing the action contained in the agreement, but wishes to delegate it for one reason or another. This can be because the Agent named in the agreement has more expertise in the area of the power given over, or simply because the Principal wants some assistance. This is therefore considered a safer Power of Attorney form, with minimal opportunities for abuse.