In a statutory power of attorney the language granting power with respect to stock and bond transactions empowers the agent to buy, sell, and exchange stocks, bonds, mutual funds, and all other types of securities and financial instruments, except commodity futures contracts, and call and put options on stocks and stock indexes, receive certificates, and other evidences of ownership with respect to securities, 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.
(Sept. 18, 1998, D.C. Law 12-147, § 2, 45 DCR 3853.)
1981 Ed., § 21-2106.
Uniform Law: This section is based upon § 6 of the Uniform Statutory Form Power of Attorney Act.
Structure District of Columbia Code
Title 21 - Fiduciary Relations and Persons with Mental Illness. [Enacted title]
Chapter 21 - Uniform General Power of Attorney
§ 21–2101. Statutory form of power of attorney
§ 21–2102. Durable power of attorney
§ 21–2103. Construction of powers generally
§ 21–2104. Construction of power relating to real property transactions
§ 21–2105. Construction of power relating to tangible personal property transactions
§ 21–2106. Construction of power relating to stock and bond transactions
§ 21–2107. Construction of power relating to commodity and option transactions
§ 21–2108. Construction of power relating to banking and other financial institution transactions
§ 21–2109. Construction of power relating to business operating transactions
§ 21–2110. Construction of power relating to insurance transactions
§ 21–2111. Construction of power relating to estate, trust, and other beneficiary transactions
§ 21–2112. Construction of power relating to claims and litigation
§ 21–2113. Construction of power relating to personal and family maintenance
§ 21–2115. Construction of power relating to retirement plan transactions
§ 21–2116. Construction of power relating to tax matters