§ 21-2106. Construction of power relating to stock and bond transactions.

Current through October 23, 2012

In a statutory power of attorney the language granting power with respect to stock and bond transactions empowers the agent to buy, sell, and exchange stocks, bonds, mutual funds, and all other types of securities and financial instruments, except commodity futures contracts, and call and put options on stocks and stock indexes, receive certificates, and other evidences of ownership with respect to securities, exercise voting rights with respect to securities in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote.

                
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(Sept. 18, 1998, D.C. Law 12-147, § 2, 45 DCR 3853.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 21-2106.

Legislative History of Laws

For legislative history of D.C. Law 12-147, see Historical and Statutory Notes following § 21-2101.

Uniform Law

This section is based upon § 6 of the Uniform Statutory Form Power of Attorney Act. See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.