Alabama § 26-1A-206 Stocks and Bonds

Alabama Statutes

§ 26-1A-206 — Stocks and Bonds

Alabama § 26-1A-206

Title 26Infants and Incompetents

Ch. 1AAlabama Uniform Power of Attorney Act

Art. 2Authority

This text of Alabama § 26-1A-206 (Stocks and Bonds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 26-1A-206 (2026).

Text

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.

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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.