Montana Statutes

§ 72-31-341 — Stocks And Bonds

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 31 MISCELLANEOUS PROVISIONS RELATING TO FIDUCIARIES·Part 3 Uniform Power of Attorney Act

72-31-341 . Stocks and bonds. 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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Legislative History

En. Sec. 4, Ch. 580, L. 1991; amd. Sec. 118, Ch. 494, L. 1993; Sec. 72-31-204 , MCA 1991; redes. 72-31-226 by Code Commissioner, 1993; amd. Sec. 32, Ch. 109, L. 2011; Sec. 72-31-226 , MCA 2009; redes. 72-31-341 by Code Commissioner, 2011.

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