Section 213 – Personal and family maintenance.
Effective 5/10/2016 75-9-213. Personal and family maintenance. (1) 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, and the […]
Section 214 – Benefits from governmental programs or civil or military service.
Effective 5/10/2016 75-9-214. Benefits from governmental programs or civil or military service. (1) In this section, “benefits from governmental programs or civil or military service” means any benefit, program, or assistance provided under a statute or regulation, including social security, Medicare, and Medicaid. (2) Unless the power of attorney otherwise provides, language in a power […]
Section 215 – Retirement plans.
Effective 5/10/2016 75-9-215. Retirement plans. (1) 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 Internal Revenue […]
Section 216 – Taxes.
Effective 5/10/2016 75-9-216. 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: (1) prepare, sign, and file federal, state, local, and foreign income, gift, payroll, property, Federal Insurance Contributions Act, and other tax returns, claims for refunds, requests for […]
Section 217 – Gifts.
Effective 5/10/2016 75-9-217. Gifts. (1) In this section, a gift “for the benefit of” a person includes a gift to a trust, an account under the Uniform Transfers to Minors Act (1983/1986), and a tuition savings account or prepaid tuition plan as defined under Section 529, Internal Revenue Code. (2) Unless the power of attorney […]
Section 301 – Statutory form power of attorney.
Effective 5/10/2016 75-9-301. Statutory form power of attorney. A document substantially in the following form may be used to create a statutory form power of attorney that has the meaning and effect prescribed by this chapter. STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions […]
Section 209 – Operation of entity or business.
Effective 5/10/2016 75-9-209. 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 […]
Section 210 – Insurance and annuities.
Effective 5/10/2016 75-9-210. 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: (1) continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf […]
Section 122 – Laws applicable to financial institutions and entities.
Effective 5/10/2016 75-9-122. Laws applicable to financial institutions and entities. This chapter does not supersede any other law applicable to financial institutions or other entities, and the other law controls if inconsistent with this chapter. Enacted by Chapter 256, 2016 General Session
Section 123 – Remedies under other law.
Effective 5/10/2016 75-9-123. Remedies under other law. The remedies under this chapter are not exclusive and do not abrogate any right or remedy under the law of this state other than this chapter. Enacted by Chapter 256, 2016 General Session