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The Procuration Letter serves as a crucial instrument in Austrian commercial law for delegating broad commercial authority within business organizations. This document is typically used when a company needs to appoint a trusted representative (Prokurist) with extensive powers to act on its behalf in day-to-day business operations and significant commercial transactions. The authority granted through a Prokura is specifically regulated under Austrian law (UGB §§ 48-54) and provides broader powers than a regular power of attorney, enabling the Prokurist to conduct almost all types of commercial transactions except for selling real estate or establishing new branches (unless explicitly authorized). The document must include specific statutory declarations, may require notarization, and must be registered in the Austrian Commercial Register (Firmenbuch) to be fully effective.

1. Header Information: Date, place of execution, and title of the document

2. Principal Details: Full legal name, registration number, and address of the company granting the Prokura

3. Prokurist Details: Full legal name, date of birth, and address of the person receiving the power of attorney

4. Scope of Authority: Clear statement of the granted Prokura and its extent according to § 48-54 UGB

5. Legal Declarations: Formal statements regarding the authority granted and acceptance of the role

6. Signature Requirements: Specification of how the Prokurist must sign on behalf of the company

7. Effective Date: Statement of when the Prokura becomes effective