2018 Revised Code of Washington
Title 11 - PROBATE AND TRUST LAW
11.125 Uniform power of attorney act.
11.125.290 Agent authority—Stocks, bonds, and financial instruments.
RCW 11.125.290 Agent authority—Stocks, bonds, and financial instruments.
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks, bonds, and financial instruments authorizes the agent to:
(1) Buy, sell, and exchange stocks, bonds, and financial instruments;
(2) Establish, continue, modify, or terminate an account with respect to stocks, bonds, and financial instruments;
(3) Pledge stocks, bonds, and financial instruments 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, bonds, and financial instruments;
(5) Exercise voting rights with respect to stocks, bonds, and financial instruments in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote;
(6) Buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a regulated option exchange; and
(7) Establish, continue, modify, and terminate option accounts.
[ 2016 c 209 § 206.]
