Alabama § 26-1A-206 Stocks and Bonds

Alabama Statutes

§ 26-1A-206 — Stocks and Bonds

Alabama·Title 26 Infants and Incompetents·Ch. 1A Alabama Uniform Power of Attorney Act·Art. 2 Authority

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Alabama § 26-1A-206 (Stocks and Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.