§58-3022. Laws applicable to financial institutions and entities.
This act does not supersede any other law applicable to financial institutions or other entities, and the other law controls if inconsistent with this act. Added by Laws 2021, c. 332, § 22, eff. Nov. 1, 2021.
§58-3023. Remedies under other law.
The remedies under this act are not exclusive and do not abrogate any right or remedy under the law of this state other than this act. Added by Laws 2021, c. 332, § 23, eff. Nov. 1, 2021.
§58-3024. Authority that requires specific grant – Grant of general authority.
A. An agent under a power of attorney may do the following 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 of the authority is not otherwise prohibited by another agreement or instrument to which the authority or property is […]
§58-3025. Incorporation of authority.
A. An agent has authority described in this act if the power of attorney refers to general authority with respect to the descriptive term for the subjects stated in Sections 27 through 40 of this act or cites the section in which the authority is described. B. A reference in a power of attorney to […]
§58-3026. 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 27 through 40 of this act or that grants to an agent authority to do all acts that a principal could do pursuant to subsection C of Section 24 of this […]
§58-3027. 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 […]
§58-3028. 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 […]
§58-3029. 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 […]
§58-3030. 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: 1. Buy, sell, exchange, assign, settle and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a regulated option exchange; and 2. […]
§58-3031. 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: 1. Continue, modify and terminate an account or other banking arrangement made by or on behalf of the principal; 2. Establish, modify and terminate an account or […]