Section 3-9-217 – Gifts.
3-9-217. Gifts. (a) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to gifts authorizes the agent to: (i) Make outright to, or for the benefit of, a person a gift of any of the principal’s property, including by the exercise of a presently exercisable general […]
Section 3-9-212 – Claims and Litigation.
3-9-212. Claims and litigation. (a) 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: (i) Assert and maintain before a court or administrative agency a claim, claim for relief, cause of action, counterclaim, offset, recoupment or defense, including […]
Section 3-9-213 – Personal and Family Maintenance.
3-9-213. 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: (i) Perform the acts necessary to maintain the customary standard of living of the principal, the principal’s spouse and the following persons […]
Section 3-9-214 – Benefits From Governmental Programs or Civil or Military Service.
3-9-214. Benefits from governmental programs or civil or military service. (a) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to benefits from governmental programs or civil or military service authorizes the agent to: (i) Execute vouchers in the name of the principal for allowances and […]
Section 3-9-215 – Retirement Plans.
3-9-215. Retirement plans. (a) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to: (i) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan; (ii) Make a rollover including a direct trustee-to-trustee […]
Section 3-9-216 – Taxes.
3-9-216. Taxes. (a) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to taxes authorizes the agent to: (i) 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 extension […]
Section 3-9-205 – Tangible Personal Property.
3-9-205. Tangible personal property. (a) 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: (i) Demand, buy, receive, accept as a gift or as security for an extension of credit or otherwise acquire or reject ownership or possession […]
Section 3-9-206 – Stocks and Bonds.
3-9-206. Stocks and bonds. (a) 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: (i) Buy, sell and exchange stocks and bonds; (ii) Establish, continue, modify or terminate an account with respect to stocks and bonds; (iii) Pledge […]
Section 3-9-207 – Commodities and Options.
3-9-207. Commodities and options. (a) 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: (i) Buy, sell, exchange, assign, settle and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a […]
Section 3-9-208 – Banks and Other Financial Institutions.
3-9-208. Banks and other financial institutions. (a) 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: (i) Continue, modify and terminate an account or other banking arrangement made by or on behalf of the principal; (ii) […]