AB704,23,64 (a) Exercise authority under a power of attorney to create in the agent an
5interest in the principal's property, whether by gift, right of survivorship, beneficiary
6designation, disclaimer, or otherwise.
AB704,23,107 (b) Exercise authority under a power of attorney to create in an individual to
8whom the agent owes a legal obligation of support, an interest in the principal's
9property, whether by gift, right of survivorship, beneficiary designation, disclaimer,
10or otherwise.
AB704,23,13 11(3) Subject to subs. (1), (2), (4), and (5), if a power of attorney grants to an agent
12the authority to do all acts that a principal could do, the agent has the general
13authority described in ss. 244.44 to 244.56.
AB704,23,15 14(4) Unless the power of attorney otherwise provides, a grant of authority to
15make a gift is subject to s. 244.57.
AB704,23,17 16(5) Subject to subs. (1), (2), and (4), if the subjects over which authority is
17granted in a power of attorney are similar or overlap, the broadest authority controls.
AB704,23,21 18(6) Authority granted in a power of attorney is exercisable with respect to
19property that the principal has when the power of attorney is executed or acquires
20later, whether or not the property is located in this state and whether or not the
21authority is exercised or the power of attorney is executed in this state.
AB704,23,24 22(7) An act performed by an agent pursuant to a power of attorney has the same
23effect and inures to the benefit of and binds the principal and the principal's
24successors in interest as if the principal had performed the act.
AB704,24,4
1244.42 Incorporation of authority. (1) An agent has the authority
2described in this subchapter if the power of attorney refers to general authority as
3indicated by section titles for ss. 244.44 to 244.56 or cites the section in which the
4authority is described.
AB704,24,8 5(2) A reference in a power of attorney to general authority with respect to the
6descriptive term for a subject in ss. 244.44 to 244.56 or a citation to any of ss. 244.44
7to 244.57 incorporates the entire section as if it were set out in full in the power of
8attorney.
AB704,24,9 9(3) A principal may modify authority incorporated by reference.
AB704,24,14 10244.43 Construction of authority generally. Except as otherwise provided
11in the power of attorney, by executing a power of attorney that incorporates by
12reference a subject described in ss. 244.44 to 244.56 or that grants to an agent
13authority to do all acts that a principal could do under s. 244.41 (3), a principal
14authorizes the agent, with respect to that subject, to do all of the following:
AB704,24,17 15(1) Demand, receive, and obtain by any lawful means, money or another thing
16of value to which the principal is, may become, or claims to be entitled, and conserve,
17invest, disburse, or use anything so received or obtained for the purposes intended.
AB704,24,21 18(2) Contract with any person, on terms agreeable to the agent, to accomplish
19a purpose of a transaction and perform, rescind, cancel, terminate, reform, restate,
20release, or modify the contract or another contract made by or on behalf of the
21principal.
AB704,24,25 22(3) Execute, acknowledge, seal, deliver, file, or record any instrument or
23communication the agent considers desirable to accomplish a purpose of a
24transaction, including creating a schedule listing some or all of the principal's
25property and attaching it to the power of attorney.
AB704,25,3
1(4) Initiate, participate in, submit to alternative dispute resolution, settle,
2oppose, or propose or accept a compromise with respect to a claim existing in favor
3of or against the principal or intervene in litigation relating to the claim.
AB704,25,5 4(5) Seek on the principal's behalf the assistance of a court or other
5governmental agency to carry out an act authorized in the power of attorney.
AB704,25,7 6(6) Engage, compensate, and discharge an attorney, accountant, discretionary
7investment manager, expert witness, or other advisor.
AB704,25,9 8(7) Prepare, execute, and file a record, report, or other document to safeguard
9or promote the principal's interest under a statute, rule, or regulation.
AB704,25,11 10(8) Communicate with any representative or employee of a government or
11governmental subdivision, agency, or instrumentality, on behalf of the principal.
AB704,25,13 12(9) Access communications intended for, and communicate on behalf of, the
13principal by any means.
AB704,25,15 14(10) Do any lawful act with respect to a subject described in ss. 244.44 to 244.56
15and all property related to that subject.
AB704,25,18 16244.44 Real property. Unless the power of attorney otherwise provides,
17language in a power of attorney granting general authority with respect to real
18property authorizes the agent to do all of the following:
AB704,25,21 19(1) Demand, buy, lease, receive, accept as a gift or as security for an extension
20of credit, or otherwise acquire or reject an interest in real property or a right incident
21to real property.
AB704,26,3 22(2) Sell; exchange; convey with or without covenants, representations, or
23warranties; quit claim; release; surrender; retain title for security; encumber;
24partition; consent to partitioning; subject to an easement or covenant; subdivide;
25apply for zoning or other governmental permits; plat or consent to platting; develop;

1grant an option concerning; lease; sublease; contribute to an entity in exchange for
2an interest in that entity; or otherwise grant or dispose of an interest in real property
3or a right incident to real property.
AB704,26,6 4(3) Pledge or mortgage an interest in real property or right incident to real
5property as security to borrow money or pay, renew, or extend the time of payment
6of a debt of the principal or a debt guaranteed by the principal.
AB704,26,9 7(4) Release, assign, satisfy, or enforce by any lawful means a mortgage, deed
8of trust, conditional sale contract, encumbrance, lien, or other claim to real property
9which exists or is asserted.
AB704,26,12 10(5) Manage or conserve an interest in real property or a right incident to real
11property owned or claimed to be owned by the principal, including by doing any of
12the following:
AB704,26,1313 (a) Insuring against liability or casualty or other loss.
AB704,26,1514 (b) Obtaining or regaining possession of or protecting the interest or right by
15litigation or otherwise.
AB704,26,1716 (c) Paying, assessing, compromising, or contesting taxes or assessments or
17applying for and receiving refunds in connection with taxes or assessments.
AB704,26,1918 (d) Purchasing supplies, hiring assistance or labor, and making repairs or
19alterations to the real property.
AB704,26,22 20(6) Use, develop, alter, replace, remove, erect, or install structures or other
21improvements upon real property in or incident to which the principal has, or claims
22to have, an interest or right.
AB704,27,2 23(7) Participate in a reorganization with respect to real property or an entity
24that owns an interest in or right incident to real property and receive, hold, and act

1with respect to stocks and bonds or other property received in a plan of
2reorganization, including by doing any of the following:
AB704,27,33 (a) Selling or otherwise disposing of the stocks, bonds, or property.
AB704,27,54 (b) Exercising or selling an option, right of conversion, or similar right with
5respect to the stocks, bonds, or property.
AB704,27,66 (c) Exercising any voting rights in person or by proxy.
AB704,27,7 7(8) Change the form of title of an interest in or right incident to real property.
AB704,27,9 8(9) Dedicate to public use, with or without consideration, easements or other
9real property in which the principal has, or claims to have, an interest.
AB704,27,12 10244.45 Tangible personal property. Unless the power of attorney otherwise
11provides, language in a power of attorney granting general authority with respect to
12tangible personal property authorizes the agent to do all of the following:
AB704,27,15 13(1) Demand, buy, receive, accept as a gift or as security for an extension of
14credit, or otherwise acquire or reject ownership or possession of tangible personal
15property or an interest in tangible personal property.
AB704,27,19 16(2) Sell; exchange; convey with or without covenants, representations, or
17warranties; quit claim; release; surrender; create a security interest in; grant options
18concerning; lease; sublease; or otherwise dispose of tangible personal property or an
19interest in tangible personal property.
AB704,27,22 20(3) Grant a security interest in tangible personal property or an interest in
21tangible personal property as security to borrow money or pay, renew, or extend the
22time of payment of a debt of the principal or a debt guaranteed by the principal.
AB704,27,25 23(4) Release, assign, satisfy, or enforce by litigation or otherwise, a security
24interest, lien, or other claim on behalf of the principal, with respect to tangible
25personal property or an interest in tangible personal property.
AB704,28,2
1(5) Manage or conserve tangible personal property or an interest in tangible
2personal property on behalf of the principal, including by doing any of the following:
AB704,28,33 (a) Insuring against liability or casualty or other loss.
AB704,28,54 (b) Obtaining or regaining possession of or protecting the property or interest,
5by litigation or otherwise.
AB704,28,76 (c) Paying, assessing, compromising, or contesting taxes or assessments or
7applying for and receiving refunds in connection with taxes or assessments.
AB704,28,88 (d) Moving the property from place to place.
AB704,28,99 (e) Storing the property for hire or under a gratuitous bailment.
AB704,28,1010 (f) Using and making repairs, alterations, or improvements to the property.
AB704,28,11 11(6) Change the form of title of an interest in tangible personal property.
AB704,28,14 12244.46 Stocks and bonds. Unless the power of attorney otherwise provides,
13language in a power of attorney granting general authority with respect to stocks and
14bonds authorizes the agent to do all of the following:
AB704,28,15 15(1) Buy, sell, and exchange stocks and bonds.
AB704,28,17 16(2) Establish, continue, modify, or terminate an account with respect to stocks
17and bonds.
AB704,28,19 18(3) Pledge stocks and bonds as security to borrow, pay, renew, or extend the time
19of payment of a debt of the principal.
AB704,28,21 20(4) Receive certificates and other evidences of ownership with respect to stocks
21and bonds.
AB704,28,23 22(5) Exercise voting rights with respect to stocks and bonds in person or by
23proxy, enter into voting trusts, and consent to limitations on the right to vote.
AB704,29,3
1(6) Exercise in person or by proxy, or enforce by litigation or otherwise, a right,
2power, privilege, or option the principal has or claims to have as the holder of stocks
3and bonds.
AB704,29,6 4(7) Initiate, participate in, submit to alternative dispute resolution, settle,
5oppose, or propose or accept a compromise with respect to litigation to which the
6principal is a party concerning stocks and bonds.
AB704,29,9 7244.47 Commodities and options. Unless the power of attorney otherwise
8provides, language in a power of attorney granting general authority with respect to
9commodities and options authorizes the agent to do all of the following:
AB704,29,12 10(1) Buy, sell, exchange, assign, settle, and exercise commodity futures
11contracts and call or put options on stocks or stock indexes traded on a regulated
12option exchange.
AB704,29,13 13(2) Establish, continue, modify, and terminate option accounts.
AB704,29,17 14244.48 Banks and other financial institutions. Unless the power of
15attorney otherwise provides, language in a power of attorney granting general
16authority with respect to banks and other financial institutions authorizes the agent
17to do all of the following:
AB704,29,19 18(1) Continue, modify, and terminate an account or other banking arrangement
19made by or on behalf of the principal.
AB704,29,22 20(2) Establish, modify, and terminate an account or other banking arrangement
21with a bank, trust company, savings and loan association, credit union, thrift
22company, brokerage firm, or other financial institution selected by the agent.
AB704,29,24 23(3) Contract for services available from a financial institution, including
24renting a safe deposit box or space in a vault.
AB704,30,3
1(4) Withdraw, by check, order, electronic funds transfer, or otherwise, money
2or property of the principal deposited with or left in the custody of a financial
3institution.
AB704,30,5 4(5) Receive statements of account, vouchers, notices, and similar documents
5from a financial institution and act with respect to them.
AB704,30,6 6(6) Enter a safe deposit box or vault and withdraw or add to the contents.
AB704,30,9 7(7) Borrow money and pledge as security personal property of the principal
8necessary to borrow money or pay, renew, or extend the time of payment of a debt of
9the principal or a debt guaranteed by the principal.
AB704,30,14 10(8) Make, assign, draw, endorse, discount, guarantee, and negotiate
11promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the
12principal or payable to the principal or the principal's order; transfer money, receive
13the cash or other proceeds of those transactions; and accept a draft drawn by a person
14upon the principal and pay it when due.
AB704,30,17 15(9) Receive for the principal and act upon a sight draft, warehouse receipt, or
16other document of title whether tangible or electronic, or other negotiable or
17nonnegotiable instrument.
AB704,30,21 18(10) Apply for, receive, and use letters of credit, credit and debit cards,
19electronic transaction authorizations, and traveler's checks from a financial
20institution and give an indemnity or other agreement in connection with letters of
21credit.
AB704,30,23 22(11) Consent to an extension of the time of payment with respect to commercial
23paper or a financial transaction with a financial institution.
AB704,31,3 24244.49 Operation of entity or business. Subject to the terms of a document
25or an agreement governing an entity or business or an entity or business ownership

1interest, and unless the power of attorney otherwise provides, language in a power
2of attorney granting general authority with respect to operation of an entity or
3business authorizes the agent to do all of the following:
AB704,31,4 4(1) Operate, buy, sell, enlarge, reduce, or terminate an ownership interest.
AB704,31,6 5(2) Perform a duty or discharge a liability and exercise in person or by proxy
6a right, power, privilege, or option that the principal has, may have, or claims to have.
AB704,31,7 7(3) Enforce the terms of an ownership agreement.
AB704,31,10 8(4) Initiate, participate in, submit to alternative dispute resolution, settle,
9oppose, or propose or accept a compromise with respect to litigation to which the
10principal is a party because of an ownership interest.
AB704,31,13 11(5) Exercise in person or by proxy, or enforce by litigation or otherwise, a right,
12power, privilege, or option the principal has or claims to have as the holder of stocks
13and bonds.
AB704,31,16 14(6) Initiate, participate in, submit to alternative dispute resolution, settle,
15oppose, or propose or accept a compromise with respect to litigation to which the
16principal is a party concerning stocks and bonds.
AB704,31,18 17(7) With respect to an entity or business owned solely by the principal, do all
18of the following:
AB704,31,2119 (a) Continue, modify, renegotiate, extend, and terminate a contract made by or
20on behalf of the principal with respect to the entity or business before execution of
21the power of attorney.
AB704,31,2222 (b) Determine all of the following:
AB704,31,2323 1. The location of its operation.
AB704,31,2424 2. The nature and extent of its business.
AB704,32,2
13. The methods of manufacturing, selling, merchandising, financing,
2accounting, and advertising employed in its operation.
AB704,32,33 4. The amount and types of insurance carried.
AB704,32,54 5. The mode of engaging, compensating, and dealing with its employees and
5accountants, attorneys, or other advisors.
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