Section 15-12-207 – COMMODITIES AND OPTIONS.
15-12-207. COMMODITIES AND OPTIONS. Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to commodities and options authorizes the agent to: (1) Buy, sell, exchange, assign, settle and exercise commodity futures contracts and call and put options on stocks and stock indexes traded on a regulated […]
Section 15-12-208 – BANKS AND OTHER FINANCIAL INSTITUTIONS.
15-12-208. BANKS AND OTHER FINANCIAL INSTITUTIONS. Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to banks and other financial institutions authorizes the agent to: (1) Continue, modify and terminate an account or other banking arrangement made by or on behalf of the principal; (2) Establish, […]
Section 15-12-209 – OPERATION OF AN ENTITY OR BUSINESS.
15-12-209. OPERATION OF AN ENTITY OR BUSINESS. Subject to the terms of a document or an agreement governing an entity or an entity ownership interest, and unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to operation of an entity or business authorizes the agent to: […]
Section 15-12-210 – INSURANCE AND ANNUITIES.
15-12-210. INSURANCE AND ANNUITIES. Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to: (1) Continue, pay the premium or make a contribution on, modify, exchange, rescind, release or terminate a contract procured by or on behalf of the […]
Section 15-12-211 – ESTATES, TRUSTS AND OTHER BENEFICIAL INTERESTS.
15-12-211. ESTATES, TRUSTS AND OTHER BENEFICIAL INTERESTS. (1) In this section, "estates, trusts, and other beneficial interests" means a trust, probate estate, guardianship, conservatorship, escrow or custodianship, or any other fund from which the principal is, may become, or claims to be, entitled to a share or payment. (2) Unless the power of attorney otherwise […]
Section 15-12-119 – ACCEPTANCE OF AND RELIANCE UPON AN ACKNOWLEDGED POWER OF ATTORNEY.
15-12-119. ACCEPTANCE OF AND RELIANCE UPON AN ACKNOWLEDGED POWER OF ATTORNEY. (1) For purposes of this section and section 15-12-120, Idaho Code, "acknowledged" means purportedly verified before a notary public or other individual authorized to take acknowledgments. (2) A person that in good faith accepts an acknowledged power of attorney without actual knowledge that the […]
Section 15-12-212 – CLAIMS AND LITIGATION.
15-12-212. CLAIMS AND LITIGATION. Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to claims and litigation authorizes the agent to perform any lawful act on behalf of the principal in connection with claims and litigation, including: (1) Assert and maintain before a court or administrative […]
Section 15-12-120 – LIABILITY FOR REFUSAL TO ACCEPT AN ACKNOWLEDGED POWER OF ATTORNEY.
15-12-120. LIABILITY FOR REFUSAL TO ACCEPT AN ACKNOWLEDGED POWER OF ATTORNEY. (1) Except as otherwise provided in subsection (2) of this section: (a) A person must either accept an acknowledged power of attorney or request an agent’s certification, a translation or an opinion of counsel pursuant to section 15-12-119(4), Idaho Code, within seven (7) business […]
Section 15-12-213 – PERSONAL AND FAMILY MAINTENANCE.
15-12-213. PERSONAL AND FAMILY MAINTENANCE. (1) Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to personal and family maintenance authorizes the agent to: (a) Perform the acts necessary to maintain the customary standard of living of the principal, the principal’s spouse, and the following individuals, […]
Section 15-12-121 – PRINCIPLES OF LAW AND EQUITY.
15-12-121. PRINCIPLES OF LAW AND EQUITY. Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter. History: [15-12-121, added 2008, ch. 186, sec. 2, p. 568.]