West Virginia § 39B-2-106 Stocks and bonds

West Virginia Statutes

§ 39B-2-106 — Stocks and bonds

West Virginia·Ch. 39B UNIFORM POWER OF ATTORNEY ACT·Art. 2 AUTHORITY

(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 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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(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 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.

West Virginia § 39B-2-106 (Stocks and bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.