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North Carolina General Statutes Chapter 32C. North Carolina Uniform Power of Attorney Act § 32C-2-206. Stocks and bonds

Current as of January 01, 2023 | Updated by Findlaw Staff

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 do all of the following:

(1) Buy, sell, and exchange stocks and bonds.

(2) Establish, continue, modify, or terminate an account with respect to stocks and bonds.

(3) Pledge stocks and bonds as security for the principal or any entity in which the principal has an ownership interest to borrow money, or to pay, renew, or extend the time of payment of (i) a debt of the principal, (ii) a debt guaranteed by the principal, (iii) a debt of any entity in which the principal has an ownership interest, or (iv) a debt guaranteed by any entity in which the principal has an ownership interest.

(4) Receive certificates and other evidences of ownership with respect to stocks and bonds.

(5) 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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 32C. North Carolina Uniform Power of Attorney Act § 32C-2-206. Stocks and bonds - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-32c-north-carolina-uniform-power-of-attorney-act/nc-gen-st-sect-32c-2-206/

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