2006 New York Code - Construction--records, Reports And Statements.

 
    § 5-1502K. Construction--records,   reports   and   statements.  In  a
  statutory short form power of attorney, the language conferring  general
  authority  with  respect  to  "records, reports and statements," must be
  construed to mean that the principal authorizes the agent:
    1. To keep records of all  cash  received  and  disbursed  for  or  on
  account  of  the  principal, of all credits and debits to the account of
  the principal, and of all transactions affecting in any way  the  assets
  and liabilities of the principal;
    2.  To  prepare,  to  execute  and  to  file all tax, social security,
  unemployment insurance and information returns, required by the laws  of
  the  United States, of any state or of any subdivision thereof or of any
  foreign government, to prepare, to execute and to file all other  papers
  and instruments which the agent shall think to be desirable or necessary
  for the safeguarding of the principal against excess or illegal taxation
  or  against  penalties imposed for claimed violation of any law or other
  governmental regulation;
    3. To prepare, to execute and to file any record, report or statement,
  which the agent shall  think  to  be  desirable  or  necessary  for  the
  safeguarding or maintenance of the principal's interest, with respect to
  price, rent, wage or rationing control, or other governmental activity;
    4.  To hire, to discharge, and to compensate any attorney, accountant,
  or other assistant or assistants when the agent shall think such  action
  to  be  desirable  for  the proper execution by him of any of the powers
  described in this section; and
    5. In general, and in addition  to  all  the  specific  acts  in  this
  section enumerated, to do any other act or acts, which the principal can
  do  through  an  agent,  in  connection with the preparation, execution,
  filing,  storage  or  other  utilization  of  any  records,  reports  or
  statements of or concerning the principal's affairs.
    All   powers   described  in  this  section  5-1502K  of  the  general
  obligations law  shall  be  exercisable  equally  with  respect  to  any
  records,  reports  or  statements  of  or  concerning the affairs of the
  principal existing at the giving of the power of attorney or  thereafter
  arising, and whether arising in the state of New York or elsewhere.