§ 32C-2-217 – Gifts authorized by general authority.
32C-2-217. Gifts authorized by general authority. (a) In this section, a gift "for the benefit of" an individual includes a gift to a trust, an account under the Uniform Transfers to Minors Act, a tuition savings account or prepaid tuition plan as defined under section 529 of the Internal Revenue Code, and an ABLE account […]
§ 32C-2-205 – Tangible personal property.
32C-2-205. 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 do all of the following: (1) Demand, buy, receive, accept as a gift or as security for an extension of credit, or otherwise acquire or […]
§ 32C-2-206 – Stocks and bonds.
32C-2-206. 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 do all of the following: (1) Buy, sell, and exchange stocks and bonds. (2) Establish, continue, modify, or terminate an account with respect to stocks […]
§ 32C-2-207 – Commodities and options.
32C-2-207. 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 do all of the following: (1) Buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call or put options on stocks or stock […]
§ 32C-2-208 – Banks and other financial institutions.
32C-2-208. 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 do all of the following: (1) Continue, modify, and terminate an account or other banking arrangement made by or on behalf […]
§ 32C-2-209 – Operation of entity.
32C-2-209. Operation of entity. 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 authorizes the agent to do all of the following: […]
§ 32C-2-210 – Insurance and annuities.
32C-2-210. 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 do all of the following: (1) Continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by […]
§ 32C-2-211 – Estates, trusts, and other beneficial interests.
32C-2-211. Estates, trusts, and other beneficial interests. (a) In this section, the term "estate, trust, or 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. (b) Unless the power of attorney […]
§ 32C-2-212 – Claims and litigation.
32C-2-212. 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 do all of the following: (1) Assert and maintain before a court or administrative agency a claim, claim for relief, cause of action, counterclaim, offset, […]
§ 32C-2-213 – Personal and family maintenance.
32C-2-213. Personal and family maintenance. (a) 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 do all of the following: (1) Perform the acts necessary to maintain the customary standard of living of the principal, the principal’s […]