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Idaho Code § 15-12-206

Stocks and bonds

Known as the Uniform Power of Attorney Act

The act spans §§ 15-12-101 to 15-12-403 (45 sections).

I.C., § 15-12 -206, as added by 2008, ch. 186, § 2, p. 571.

Unless a power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks and bonds authorizes the agent to:

(1) Buy, sell and exchange securities;

(2) Establish, continue, modify or terminate a securities account;

(3) Pledge securities as security in order 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 securities; and

(5) Exercise voting rights with respect to securities in person or by proxy, enter into voting trusts and consent to limitations on the right to vote.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.