§ 15-14-727 — Real property

Colorado § 15-14-727

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Persons Under Disability - Protection

Text

(1) Unless the power of attorney otherwise
provides, language in a power of attorney granting general authority with respect
to real property authorizes the agent to:

(a) Demand, buy, lease, receive, accept as a gift or as security for an
extension of credit, or otherwise acquire or reject an interest in real property or a
right incident to real property;

(b) Sell; exchange; convey with or without covenants, representations, or
warranties; quitclaim; release; surrender; retain title for security; encumber;
partition; consent to partitioning; subject to an easement or covenant; subdivide;
apply for zoning or other governmental permits; plat or consent to platting; develop;
grant an option concerning; lease; sublease; contribute to an entity in exchange for
an interest in that entity; or otherwise grant or dispose of an interest in real
property or a right incident to real property;

(c) Pledge or mortgage an interest in real property or right incident to real
property as security to borrow money or pay, renew, or extend the time of payment
of a debt of the principal or a debt guaranteed by the principal;

(d) Release, assign, satisfy, or enforce by litigation or otherwise a mortgage,
deed of trust, conditional sale contract, encumbrance, lien, or other claim to real
property that exists or is asserted;

(e) Manage or conserve an interest in real property or a right incident to real
property owned or claimed to be owned by the principal, including:

(I) Insuring against liability or casualty or other loss;

(II) Obtaining or regaining possession of or protecting the interest or right by
litigation or otherwise;

(III) Paying, assessing, compromising, or contesting taxes or assessments or
applying for and receiving refunds in connection with them; and

(IV) Purchasing supplies, hiring assistance or labor, and making repairs or
alterations to the real property;

(f) Use, develop, alter, replace, remove, erect, or install structures or other
improvements upon real property in or incident to which the principal has, or claims
to have, an interest or right;

(g) Participate in a reorganization with respect to real property or an entity
that owns an interest in or right incident to real property and receive, and hold, and
act with respect to stocks and bonds or other property received in a plan of
reorganization, including:

(I) Selling or otherwise disposing of them;

(II) Exercising or selling an option, right of conversion, or similar right with
respect to them; and

(III) Exercising any voting rights in person or by proxy;

(h) Change the form of title of an interest in or right incident to real property;
and

(i) Dedicate to public use, with or without consideration, easements or other
real property in which the principal has or claims to have an interest.

Legislative History

Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 399, � 1, effective April 9.