2010 Maine Code
TITLE 18-A: PROBATE CODE
Article 5: PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
18-A §5-936. Stocks and bonds
Part 9: MAINE UNIFORM POWER OF ATTORNEY ACT
Subpart 2: AUTHORITY
§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: [2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF).]
(a). Buy, sell and exchange stocks and bonds;
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(b). Establish, continue, modify or terminate an account with respect to stocks and bonds;
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(c). Pledge stocks and bonds as security to borrow, pay, renew or extend the time of payment of a debt of the principal;
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(d). Receive certificates and other evidences of ownership with respect to stocks and bonds; and
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(e). 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.
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
SECTION HISTORY
2009, c. 292, §2 (NEW). 2009, c. 292, §6 (AFF).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.