Unless a 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 securities;
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Terms Used In Idaho Code 15-12-206

  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • 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
    • (2) Establish, continue, modify or terminate a securities account;
    (3) Pledge securities as security in order 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 securities; and
    (5) 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.