§ 30-5-5-14 — Records, reports, and statements

Indiana § 30-5-5-14

• Jurisdiction: Indiana
• Art. 5: POWERS OF ATTORNEY
• Ch. 5: Powers

Text

(a) Language conferring general authority
with respect to records, reports, and statements means the principal
authorizes the attorney in fact to do the following:
(1) Keep records of cash received and disbursed for or on account
of the principal, of credits and debits to the account of the
principal, and of transactions affecting the assets and liabilities of
the principal.
(2) Prepare, execute, and file tax and tax information returns for
all periods required by the laws of the United States, a state, or a
subdivision of a state, or a foreign government, prepare, execute,
and file other tax related documents for all tax periods, including
requests for an extension of time, offers, waivers, consents,
powers of attorney, closing agreements, and petitions to a tax
court regarding tax matters, and prepare, execute, and file all
other instruments the attorney in fact considers desirable or
necessary for the safeguarding of the principal against excessive
or illegal taxation or against penalties imposed for claimed
violation of a law or other governmental regulation. This
subdivision is intended to be sufficiently definite to permit the
attorney in fact to represent the principal respecting all taxes the
principal has paid and all tax returns the principal has filed, either
personally or through an agent, with the Internal Revenue Service,
another agency of the United States, a state department of
revenue, a political subdivision of a state, or a foreign country, or
a political subdivision of a foreign country.
(3) Prepare, execute, and file a return, report, declaration, or other
document required by the laws of the United States, a state, a
political subdivision of a state, or a foreign government, including
a report or declaration required by the Social Security
Administration, the commissioner of economic security, or other
similar agency that the attorney in fact considers desirable or
necessary for the safeguarding or maintenance of the principal's
interest.
(4) Prepare, execute, and file a record, report, or statement the
attorney in fact considers desirable or necessary for the
safeguarding or maintenance of the principal's interest with
respect to price, rent, wage, or rationing control, or other
governmental activity.
(5) Hire, discharge, and compensate an attorney, accountant,
expert witness, or other assistant when the attorney in fact
considers the action to be desirable for the execution of a power
permitted under this section.
(6) Execute any document under IC 3 except:
(A) a voter registration application;
(B) the authorization to cancel a voter registration;
(C) a declaration of candidacy;
(D) a candidate's consent to be placed on the ballot;
(E) a ballot; or
(F) an absentee ballot.
(7) Perform any other acts in connection with the preparation,
execution, filing, storage, or other use of records, reports, or
statements of or concerning the principal's affairs.
(b) The powers described in this section are exercisable equally with
respect to records, reports, or statements of or concerning the affairs of
the principal existing at the time of the giving of the power of attorney
or arising after that time, whether arising in Indiana or in another
jurisdiction.

Legislative History

As added by P.L.149-1991, SEC.2. Amended by P.L.3-1993, SEC.251; P.L.194-2013, SEC.99; P.L.219-2013, SEC.92.