26-100 - Stocks and bonds. - Virginia Statutes

§ 26-100. Stocks and bonds.

Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to stocks and bondsauthorizes the agent to:

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

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

3. Pledge stocks and bonds as security to borrow, pay, renew, or extend thetime of payment of a debt of the principal;

4. Receive certificates and other evidences of ownership with respect tostocks and bonds; and

5. Exercise voting rights with respect to stocks and bonds in person or byproxy, enter into voting trusts, and consent to limitations on the right tovote.

(2010, cc. 455, 632.)