Stock and Bond Transactions

Sec. 752.104. STOCK AND BOND TRANSACTIONS. The language conferring authority with respect to stock and bond transactions in a statutory durable power of attorney empowers the attorney in fact or agent to: (1) buy, sell, and exchange: (A) stocks; (B) bonds; (C) mutual funds; and (D) all other types of securities and financial instruments other than commodity futures contracts and call and put options on stocks and stock indexes; (2) receive certificates and other evidences of ownership with respect to securities; (3) exercise voting rights with respect to securities in person or by proxy; (4) enter into voting trusts; and (5) consent to limitations on the right to vote. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.01, eff. January 1, 2014.