2017 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 5B - Uniform Power of Attorney
Section 45-5B-206 - Stocks and bonds.
45-5B-206. 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:
A. buy, sell and exchange stocks and bonds;
B. establish, continue, modify or terminate an account with respect to stocks and bonds;
C. pledge stocks and bonds as security to borrow, pay, renew or extend the time of payment of a debt of the principal;
D. receive certificates and other evidences of ownership with respect to stocks and bonds; and
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.
History: Laws 2007, ch. 135, 206; 1978 Comp., 46B-1-206 recompiled as 45-5B-206 by Laws 2011, ch. 124, 102.