Section 1-351o. – General authority with respect to taxes.
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to taxes authorizes the agent to: (1) Prepare, sign and file federal, state, local and foreign income, gift, payroll, property, federal Insurance Contributions Act and other tax returns, claims for refunds, requests for extension of time, petitions […]
Section 1-351p. – General authority with respect to gifts.
(a) For purposes of this section, a gift “for the benefit of” a person includes a gift to a trust, an account under the Uniform Transfers to Minors Act and a tuition savings account or prepaid tuition plan as defined under 26 USC 529, as amended from time to time. (b) Unless the power of […]
Section 1-352. – Power of attorney short form, long form and optional information form.
(a)(1) A document substantially in the form of either the short form, as set forth in subdivision (2) of this subsection, or the long form, as set forth in subdivision (3) of this subsection, may be used to create a statutory power of attorney that has the meaning and effect prescribed in sections 1-350 to […]
Section 1-351b. – Construction of authority, generally.
Unless the power of attorney otherwise provides, by executing a power of attorney that incorporates by reference a subject described in sections 1-351c to 1-351p, inclusive, or that grants to an agent authority to perform all acts that a principal could perform pursuant to subsection (c) of section 1-351, a principal authorizes the agent, with […]
Section 1-352a. – Agent's certification.
The following optional form may be used by an agent to certify facts concerning a power of attorney. AGENT'S CERTIFICATION AS TO THEVALIDITY OF POWER OF ATTORNEYAND AGENT'S AUTHORITY State of ______________________________ County of ____________________________ I, _____________________ (Name of Agent), certify under penalty of false statement that ____________________ (Name of Principal) granted me authority as […]
Section 1-351c. – General authority with respect to real property.
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to real property authorizes the agent to: (1) Demand, buy, lease, receive, accept as a gift or as security for an extension of credit or otherwise acquire or reject an interest in real property or a right […]
Section 1-353. – Uniformity of application and construction.
In applying and construing the provisions of sections 1-350 to 1-353b, inclusive, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among the states that enact it. (P.A. 15-240, S. 43; P.A. 16-40, S. 9.) History: P.A. 15-240 effective July 1, 2016; P.A. 16-40 changed […]
Section 1-351d. – General authority with respect to tangible personal property.
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to tangible personal property authorizes the agent to: (1) Demand, buy, receive, accept as a gift or as security for an extension of credit or otherwise acquire or reject ownership or possession of tangible personal property or […]
Section 1-353a. – Relation to Electronic Signatures in Global and National Commerce Act.
Sections 1-350 to 1-353b, inclusive, modify, limit, and supersede the federal Electronic Signatures in Global and National Commerce Act, 15 USC 7001 et seq., but do not modify, limit, or supersede Section 101(c) of that act, 15 USC 7001(c), or authorize electronic delivery of any of the notices described in Section 103(b) of that act, […]
Section 1-351e. – General authority with respect to stocks and bonds.
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: (1) Buy, sell and exchange stocks and bonds; (2) Establish, continue, modify or terminate an account with respect to stocks and bonds; (3) Pledge stocks and bonds as security […]