§ 15-14-726 — Construction of authority generally

(1) Except as otherwise
provided in the power of attorney, by executing a power of attorney that
incorporates by reference a subject described in sections 15-14-727 to 15-14-740 or
that grants to an agent authority to do all acts that a principal could do pursuant to
section 15-14-724 (3), a principal authorizes the agent, with respect to that subject,
to:

(a) Demand, receive, and obtain by litigation or otherwise money or another
thing of value to which the principal is, may become, or claims to be entitled and
conserve, invest, disburse, or use anything so received or obtained for the purposes
intended;

(b) Contract in any manner with any person, on terms agreeable to the agent,
to accomplish a purpose of a transaction and perform, rescind, cancel, terminate,
reform, restate, release, or modify the contract or another contract made by or on
behalf of the principal;

(c) Execute, acknowledge, seal, deliver, file, or record any instrument or
communication the agent considers desirable to accomplish a purpose of a
transaction, including creating at any time a schedule listing some or all of the
principal's property and attaching it to the power of attorney;

(d) Initiate, participate in, submit to alternative dispute resolution, settle,
oppose, or propose or accept a compromise with respect to a claim existing in favor
of or against the principal or intervene in litigation relating to the claim;

(e) Seek on the principal's behalf the assistance of a court or other
governmental agency to carry out an act authorized in the power of attorney;

(f) Engage, compensate, and discharge an attorney, accountant,
discretionary investment manager, expert witness, or other advisor;

(g) Prepare, execute, and file a record, report, or other document to
safeguard or promote the principal's interest under a statute or regulation;

(h) Communicate with any representative or employee of a government or
governmental subdivision, agency, or instrumentality on behalf of the principal;

(i) Access communications intended for and communicate on behalf of the
principal, whether by mail, electronic transmission, telephone, or other means; and

(j) Do any lawful act with respect to the subject and all property related to
the subject.

Legislative History

Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 398, � 1, effective April 9.