District of Columbia § 21-2602.06 Stocks and bonds.

District of Columbia Statutes

§ 21-2602.06 — Stocks and bonds.

District of Columbia § 21-2602.06

Title 21Fiduciary Relations and Persons with Mental Illness. [Enacted title]

Ch. 26Uniform Power of Attorney Act.

Subch. IIAuthority.

This text of District of Columbia § 21-2602.06 (Stocks and bonds.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 21-2602.06 (2026).

Text

(a)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 evidence 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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(a) 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 evidence 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.