Alabama Code (Last Updated: November 28, 2014) |
Title26 INFANTS AND INCOMPETENTS. |
Chapter1A. ALABAMA UNIFORM POWER OF ATTORNEY. |
Article2. Authority. |
§26-1A-206. Stocks and bonds.
Latest version.
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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 to borrow, pay, renew, or extend the time of payment of a debt of the principal;
(4) receive certificates and other evidences of ownership with respect to stocks and bonds; and
(5) exercise voting rights with respect to stocks and bonds in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote.