244.53 – Personal and family maintenance.
244.53 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 do all of the following: (a) Perform the acts necessary to maintain the customary standard of living of the principal, the principal’s […]
244.54 – Benefits from governmental programs or civil or military service.
244.54 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, rule, or regulation, including social security, medicare, and medicaid. (2) Unless the power of attorney otherwise provides, language in a power of […]
244.45 – Tangible personal property.
244.45 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 […]
244.46 – Stocks and bonds.
244.46 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 […]
244.47 – Commodities and options.
244.47 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 […]
244.48 – Banks and other financial institutions.
244.48 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 […]
244.49 – Operation of entity or business.
244.49 Operation of entity or business. Subject to the terms of a document or an agreement governing an entity or business or an entity or business 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 […]
244.41 – Authority that requires specific grant, grant of general authority.
244.41 Authority that requires specific grant, grant of general authority. (1) An agent under a power of attorney may do any of 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 the exercise of that authority is not otherwise […]
244.42 – Incorporation of authority.
244.42 Incorporation of authority. (1) An agent has the authority described in this subchapter if the power of attorney refers to general authority as indicated by section titles for ss. 244.44 to 244.56 or cites the section in which the authority is described. (2) A reference in a power of attorney to general authority with […]
244.43 – Construction of authority generally.
244.43 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 ss. 244.44 to 244.56 or that grants to an agent authority to do all acts that a principal could do under s. 244.41 (3), a principal authorizes […]