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:
(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 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 and bonds; and
(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.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 68 - Uniform Power of Attorney Act
§ 28-68-201. Authority that requires specific grant — Grant of general authority
§ 28-68-202. Incorporation of authority
§ 28-68-203. Construction of authority generally
§ 28-68-205. Tangible personal property
§ 28-68-207. Commodities and options
§ 28-68-208. Banks and other financial institutions
§ 28-68-209. Operation of entity or business
§ 28-68-210. Insurance and annuities
§ 28-68-211. Estates, trusts, and other beneficial interests
§ 28-68-212. Claims and litigation
§ 28-68-213. Personal and family maintenance
§ 28-68-214. Benefits from governmental programs or civil or military service