Va. Code § 64.2-1627

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-1627 - Stocks and bonds

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:

1. Buy, sell, and exchange stocks and bonds;

2. Establish, continue, modify, or terminate an account with respect to stocks and bonds;

3. Pledge stocks and bonds as security 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 stocks and bonds; and

5. 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.

Va. Code § 64.2-1627

2010, cc. 455, 632, § 26-100; 2012, c. 614.

Amended by Acts 2012, § c.614.

Amended by Acts 2010, § cc. 455, 632,§ 26-100.