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 Code of Alabama
Title 26 - Infants and Incompetents.
Chapter 1A - Alabama Uniform Power of Attorney.
Section 26-1A-201 - Authority That Requires Specific Grant; Grant of General Authority.
Section 26-1A-202 - Incorporation of Authority.
Section 26-1A-203 - Construction of Authority Generally.
Section 26-1A-204 - Real Property.
Section 26-1A-205 - Tangible Personal Property.
Section 26-1A-206 - Stocks and Bonds.
Section 26-1A-207 - Commodities and Options.
Section 26-1A-208 - Banks and Other Financial Institutions.
Section 26-1A-209 - Operation of Entity or Business.
Section 26-1A-210 - Insurance and Annuities.
Section 26-1A-211 - Estates, Trusts, and Other Beneficial Interests.
Section 26-1A-212 - Claims and Litigation.
Section 26-1A-213 - Personal and Family Maintenance.
Section 26-1A-214 - Benefits From Governmental Programs or Civil or Military Service.