Colo. Rev. Stat. § 15-14-729

Current through Chapter 28 of the 2024 Legislative Session
Section 15-14-729 - Stocks and bonds
(1) 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:
(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; and
(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.

C.R.S. § 15-14-729

L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 401, §1, effective April 9.

OFFICIAL COMMENT

The substance of this section remains unchanged from Section 6 the Uniform Statutory Form Power of Attorney Act; however, the wording is revised to reflect that "stocks and bonds" is now a defined term in the Act. See Section 15-14-702(14).