California Probate Code

§ 4453

PROB § 4453 Effective Jan 1, 1995Div. 4.5 · Part 3 · Ch. 2

Statute text

In a statutory form power of attorney, the language granting power with respect to stock and bond transactions empowers the agent to do all of the following:

(a)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.

(b)Receive certificates and other evidences of ownership with respect to securities.

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Legislative history

Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.