SB529,27,54 (b) Exercising or selling an option, right of conversion, or similar right with
5respect to the stocks, bonds, or property.
SB529,27,66 (c) Exercising any voting rights in person or by proxy.
SB529,27,7 7(8) Change the form of title of an interest in or right incident to real property.
SB529,27,9 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.
SB529,27,12 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:
SB529,27,15 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.
SB529,27,19 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.
SB529,27,22 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.
SB529,27,25 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.
SB529,28,2
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:
SB529,28,33 (a) Insuring against liability or casualty or other loss.
SB529,28,54 (b) Obtaining or regaining possession of or protecting the property or interest,
5by litigation or otherwise.
SB529,28,76 (c) Paying, assessing, compromising, or contesting taxes or assessments or
7applying for and receiving refunds in connection with taxes or assessments.
SB529,28,88 (d) Moving the property from place to place.
SB529,28,99 (e) Storing the property for hire or under a gratuitous bailment.
SB529,28,1010 (f) Using and making repairs, alterations, or improvements to the property.
SB529,28,11 11(6) Change the form of title of an interest in tangible personal property.
SB529,28,14 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:
SB529,28,15 15(1) Buy, sell, and exchange stocks and bonds.
SB529,28,17 16(2) Establish, continue, modify, or terminate an account with respect to stocks
17and bonds.
SB529,28,19 18(3) Pledge stocks and bonds as security to borrow, pay, renew, or extend the time
19of payment of a debt of the principal.
SB529,28,21 20(4) Receive certificates and other evidences of ownership with respect to stocks
21and bonds.
SB529,28,23 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.
SB529,29,3
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.
SB529,29,6 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.
SB529,29,9 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:
SB529,29,12 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.
SB529,29,13 13(2) Establish, continue, modify, and terminate option accounts.
SB529,29,17 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:
SB529,29,19 18(1) Continue, modify, and terminate an account or other banking arrangement
19made by or on behalf of the principal.
SB529,29,22 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.
SB529,29,24 23(3) Contract for services available from a financial institution, including
24renting a safe deposit box or space in a vault.
SB529,30,3
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.
SB529,30,5 4(5) Receive statements of account, vouchers, notices, and similar documents
5from a financial institution and act with respect to them.
SB529,30,6 6(6) Enter a safe deposit box or vault and withdraw or add to the contents.
SB529,30,9 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.
SB529,30,14 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.
SB529,30,17 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.
SB529,30,21 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.
SB529,30,23 22(11) Consent to an extension of the time of payment with respect to commercial
23paper or a financial transaction with a financial institution.
SB529,31,3 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:
SB529,31,4 4(1) Operate, buy, sell, enlarge, reduce, or terminate an ownership interest.
SB529,31,6 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.
SB529,31,7 7(3) Enforce the terms of an ownership agreement.
SB529,31,10 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.
SB529,31,13 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.
SB529,31,16 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.
SB529,31,18 17(7) With respect to an entity or business owned solely by the principal, do all
18of the following:
SB529,31,2119 (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.
SB529,31,2222 (b) Determine all of the following:
SB529,31,2323 1. The location of its operation.
SB529,31,2424 2. The nature and extent of its business.
SB529,32,2
13. The methods of manufacturing, selling, merchandising, financing,
2accounting, and advertising employed in its operation.
SB529,32,33 4. The amount and types of insurance carried.
SB529,32,54 5. The mode of engaging, compensating, and dealing with its employees and
5accountants, attorneys, or other advisors.
SB529,32,86 (c) Change the name or form of organization under which the entity or business
7is operated and enter into an ownership agreement with other persons to take over
8all or part of the operation of the entity or business.
SB529,32,119 (d) Demand and receive money due or claimed by the principal or on the
10principal's behalf in the operation of the entity or business and control and disburse
11the money in the operation of the entity or business.
SB529,32,13 12(8) Put additional capital into an entity or business in which the principal has
13an interest.
SB529,32,15 14(9) Join in a plan of reorganization, consolidation, conversion, domestication,
15or merger of the entity or business.
SB529,32,16 16(10) Sell or liquidate all or part of an entity or business.
SB529,32,18 17(11) Establish the value of an entity or business under a buy-out agreement
18to which the principal is a party.
SB529,32,21 19(12) Prepare, sign, file, and deliver reports, compilations of information,
20returns, or other papers with respect to an entity or business and make related
21payments.
SB529,33,2 22(13) Pay, compromise, or contest taxes, assessments, fines, or penalties and
23perform any other act to protect the principal from illegal or unnecessary taxation,
24assessments, fines, or penalties, with respect to an entity or business, including

1attempts to recover, in any manner permitted by law, money paid before or after the
2execution of the power of attorney.
SB529,33,5 3244.50 Insurance and annuities. Unless the power of attorney otherwise
4provides, language in a power of attorney granting general authority with respect to
5insurance and annuities authorizes the agent to do all of the following:
SB529,33,9 6(1) Continue, pay the premium or make a contribution on, modify, exchange,
7rescind, release, or terminate a contract procured by or on behalf of the principal
8which insures or provides an annuity to either the principal or another person,
9whether or not the principal is a beneficiary under the contract.
SB529,33,13 10(2) Procure new, different, and additional contracts of insurance and annuities
11for the principal and the principal's spouse or domestic partner, children, and other
12dependents, and select the amount, type of insurance or annuity, and mode of
13payment.
SB529,33,15 14(3) Pay the premium or make a contribution on, modify, exchange, rescind,
15release, or terminate a contract of insurance or annuity procured by the agent.
SB529,33,16 16(4) Apply for and receive a loan secured by a contract of insurance or annuity.
SB529,33,18 17(5) Surrender and receive the cash surrender value on a contract of insurance
18or annuity.
SB529,33,19 19(6) Exercise an election.
SB529,33,21 20(7) Exercise investment powers available under a contract of insurance or
21annuity.
SB529,33,23 22(8) Change the manner of paying premiums on a contract of insurance or
23annuity.
SB529,33,25 24(9) Change or convert the type of insurance or annuity with respect to which
25the principal has or claims to have authority described in this section.
SB529,34,3
1(10) Apply for and procure a benefit or assistance under a statute, rule, or
2regulation to guarantee or pay premiums of a contract of insurance on the life of the
3principal.
SB529,34,5 4(11) Collect, sell, assign, hypothecate, borrow against, or pledge the interest
5of the principal in a contract of insurance or annuity.
SB529,34,7 6(12) Select the form and timing of the payment of proceeds from a contract of
7insurance or annuity.
SB529,34,11 8(13) Pay, from proceeds or otherwise, compromise or contest, and apply for
9refunds in connection with, a tax or assessment levied by a taxing authority with
10respect to a contract of insurance or annuity or its proceeds or liability accruing by
11reason of the tax or assessment.
SB529,34,15 12244.51 Estates, trusts, and other beneficial interests. (1) In this section,
13"estates, trusts, and other beneficial interests" means a trust, probate estate,
14guardianship, conservatorship, escrow, or custodianship or a fund from which the
15principal is, may become, or claims to be, entitled to a share or payment.
SB529,34,18 16(2) Unless the power of attorney otherwise provides, language in a power of
17attorney granting general authority with respect to estates, trusts, and other
18beneficial interests authorizes the agent to do all of the following:
SB529,34,2019 (a) Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or
20payment from an estate, trust, or beneficial interest.
SB529,34,2321 (b) Demand or obtain money or another thing of value to which the principal
22is, may become, or claims to be, entitled by reason of an estate, trust, or beneficial
23interest, by litigation or otherwise.
SB529,34,2524 (c) Exercise for the benefit of the principal a presently exercisable general
25power of appointment held by the principal.
SB529,35,4
1(d) Initiate, participate in, submit to alternative dispute resolution, settle,
2oppose, or propose or accept a compromise with respect to litigation to ascertain the
3meaning, validity, or effect of a deed, will, declaration of trust, or other instrument
4or transaction affecting the interest of the principal.
SB529,35,75 (e) Initiate, participate in, submit to alternative dispute resolution, settle,
6oppose, or propose or accept a compromise with respect to litigation to remove,
7substitute, or surcharge a fiduciary.
SB529,35,98 (f) Conserve, invest, disburse, or use anything received for an authorized
9purpose.
SB529,35,1310 (g) Transfer an interest of the principal in real property, stocks and bonds,
11accounts with financial institutions or securities intermediaries, insurance,
12annuities, and other property to the trustee of a revocable trust created by the
13principal as settlor.
SB529,35,1414 (h) Sign a waiver or consent in a probate matter.
SB529,35,1615 (i) Reject, renounce, disclaim, release, or consent to a reduction in or
16modification of a share in or payment from an estate, trust, or beneficial interest.
SB529,35,19 17244.52 Claims and litigation. Unless the power of attorney otherwise
18provides, language in a power of attorney granting general authority with respect to
19claims and litigation authorizes the agent to do all of the following:
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