Effective: March 22, 2012
Latest Legislation: Senate Bill 117 - 129th General Assembly
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks and bonds authorizes the agent to do all of the following:
(A) Buy, sell, and exchange stocks and bonds;
(B) Establish, continue, modify, or terminate an account with respect to stocks and bonds;
(C) Pledge stocks and bonds as security to borrow, pay, renew, or extend the time of payment of a debt of the principal;
(D) Receive certificates and other evidences of ownership with respect to stocks and bonds;
(E) Exercise voting rights with respect to stocks and bonds in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote.