TITLE 15

UNIFORM PROBATE CODE

CHAPTER 12

UNIFORM POWER OF ATTORNEY ACT

PART 2.

AUTHORITY

15-12-206.  Stocks and bonds. Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks and bonds authorizes the agent to:

(1)  Buy, sell and exchange securities;

(2)  Establish, continue, modify or terminate a securities account;

(3)  Pledge securities as security in order to borrow, pay, renew or extend the time of payment of a debt of the principal;

(4)  Receive certificates and other evidences of ownership with respect to securities; and

(5)  Exercise voting rights with respect to securities in person or by proxy, enter into voting trusts and consent to limitations on the right to vote.

History:

[15-12-206, added 2008, ch. 186, sec. 2, p. 571.]