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:
A. buy, sell and exchange stocks and bonds;
B. establish, continue, modify or terminate an account with respect to stocks and bonds;
C. pledge stocks and bonds as security to borrow, pay, renew or extend the time of payment of a debt of the principal;
D. receive certificates and other evidences of ownership with respect to stocks and bonds; and
E. 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.
History: Laws 2007, ch. 135, § 206; 1978 Comp., § 46B-1-206 recompiled as § 45-5B-206 by Laws 2011, ch. 124, § 102.
Recompilations. — Laws 2011, ch. 124, § 102 recompiled former 46B-1-206 NMSA 1978 as 45-5B-206 NMSA 1978, effective January 1, 2012.
Structure New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 5B - Uniform Power of Attorney
Section 45-5B-201 - Authority that requires specific grant; grant of general authority.
Section 45-5B-202 - Incorporation of authority.
Section 45-5B-203 - Construction of authority generally.
Section 45-5B-204 - Real property.
Section 45-5B-205 - Tangible personal property.
Section 45-5B-206 - Stocks and bonds.
Section 45-5B-207 - Commodities and options.
Section 45-5B-208 - Banks and other financial institutions.
Section 45-5B-209 - Operation of entity or business.
Section 45-5B-210 - Insurance and annuities.
Section 45-5B-211 - Estates, trusts and other beneficial interests.
Section 45-5B-212 - Claims and litigation.
Section 45-5B-213 - Personal and family maintenance.
Section 45-5B-214 - Benefits from governmental programs or civil or military service.