Section 15-12-201 – AUTHORITY THAT REQUIRES SPECIFIC GRANT — GRANT OF GENERAL AUTHORITY.
15-12-201. AUTHORITY THAT REQUIRES SPECIFIC GRANT — GRANT OF GENERAL AUTHORITY. (1) An agent under a power of attorney may exercise the following authority on behalf of the principal or with the principal’s property only if the power of attorney expressly grants the agent the authority and exercise is not otherwise prohibited by other agreement […]
Section 15-12-202 – INCORPORATION OF AUTHORITY.
15-12-202. INCORPORATION OF AUTHORITY. (1) An agent has authority described in this part if the power of attorney refers to general authority with respect to the descriptive term for the subjects stated in sections 15-12-204 through 15-12-217, Idaho Code, or cites the section in which the authority is described. (2) A reference in a power […]
Section 15-12-203 – CONSTRUCTION OF AUTHORITY GENERALLY.
15-12-203. CONSTRUCTION OF AUTHORITY GENERALLY. Except as otherwise provided in the power of attorney, by executing a power of attorney that incorporates by reference a subject described in sections 15-12-204 through 15-12-217, Idaho Code, or that grants to an agent authority to do all acts that a principal could do pursuant to section 15-12-201(3), Idaho […]
Section 15-12-204 – REAL PROPERTY.
15-12-204. REAL PROPERTY. Unless a 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 […]
Section 15-12-205 – TANGIBLE PERSONAL PROPERTY.
15-12-205. TANGIBLE PERSONAL PROPERTY. Unless a 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 […]
Section 15-12-206 – STOCKS AND BONDS.
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, […]
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 […]