18-C §5-937. Commodities and options
§5-937. Commodities and options Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to commodities and options authorizes the agent to: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Commodity futures, stock options. Buy, sell, exchange, […]
18-C §5-938. Banks and other financial institutions
§5-938. Banks and other financial institutions Unless the 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: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Banking arrangement by […]
18-C §5-939. Operation of entity or business
§5-939. Operation of entity or business Subject to the terms of a document or an agreement governing an entity or an entity ownership interest, and unless the 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: […]
18-C §5-940. Insurance and annuities
§5-940. Insurance and annuities Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Insurance or annuity contract procured by principal. […]
18-C §5-941. Estate, trust and other beneficial interest
§5-941. Estate, trust and other beneficial interest 1. Definition. As used in this section, “estate, trust and other beneficial interest” means a trust, probate estate, guardianship, conservatorship, escrow or custodianship or a fund from which the principal is, may become or claims to be entitled to a share or payment. [PL 2017, c. 402, […]
18-C §5-942. Claims and litigation
§5-942. Claims and litigation Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to claims and litigation authorizes the agent to: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Assert and maintain claim. Assert and maintain […]
18-C §5-943. Personal and family maintenance
§5-943. Personal and family maintenance 1. General authority. Unless the 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 or […]
18-C §5-944. Benefits from governmental programs or civil or military service
§5-944. Benefits from governmental programs or civil or military service 1. Definition. As used in this section, “benefits from governmental programs or civil or military service” means any benefit, program or assistance provided under a statute, rule or regulation including Social Security, Medicare and Medicaid. [PL 2017, c. 402, Pt. A, §2 (NEW); PL […]
18-C §5-945. Retirement plans
§5-945. Retirement plans 1. Definition. As used in this section, “retirement plan” means a plan or account created by an employer, the principal or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary or owner, including a plan or account under the following sections of the federal […]
18-C §5-946. Taxes
§5-946. 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: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Prepare, sign and file returns and other documents. Prepare, sign and […]