Ohio Code 1337.47 – Stocks and bonds
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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:
Terms Used In Ohio Code 1337.47
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
(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;
(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.