Me. Stat. tit. 18-C § 5-936

Current through 131st (2023-2024) Legislature Chapter 684

Section 5-936 - 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: [2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

1.Buy, sell and exchange. Buy, sell and exchange stocks and bonds;

[2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

2.Stocks and bonds account. Establish, continue, modify or terminate an account with respect to stocks and bonds;

[2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

3.Security. Pledge stocks and bonds as security to borrow, pay, renew or extend the time of payment of a debt of the principal;

[2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

4.Evidences of ownership. Receive certificates and other evidences of ownership with respect to stocks and bonds; and

[2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

5.Voting rights. 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.

[2017, c. 402, Pt. A, §2(NEW); 2019, c. 417, Pt. B, §14(AFF).]

18-C M.R.S. § 5-936

Amended by 2019, c. 417,§ B-14, eff. 6/20/2019.

Added by 2018, c. 402,§ A-2, eff. 7/1/2019.