<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-12-28 - Stocks and bonds.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2078759Normal { text-indent: 0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078759SENU { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078759CL { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078759DefaultParagraphFont { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078759StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078759000000 { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078759NoIndent { text-indent: 0.00in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078759DefaultParagraphFont-000001 { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078759SCL { font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2078759Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-12-28"><span class="s2078759SENU">59-12-28</span></a><span xml:space="preserve" class="s2078759SENU">. </span><span class="s2078759CL">Stocks and bonds.</span></p><p dir="ltr" class="s2078759Normal"><span class="s2078759DefaultParagraphFont">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:</span></p><p dir="ltr" class="s2078759StatuteNumber1"><span class="s2078759DefaultParagraphFont">(1)    Buy, sell, and exchange stocks and bonds;</span></p><p dir="ltr" class="s2078759StatuteNumber1"><span class="s2078759DefaultParagraphFont">(2)    Establish, continue, modify, or terminate an account with respect to stocks and bonds;</span></p><p dir="ltr" class="s2078759StatuteNumber1"><span class="s2078759DefaultParagraphFont">(3)    Pledge stocks and bonds as security to borrow, pay, renew, or extend the time of payment of a debt of the principal;</span></p><p dir="ltr" class="s2078759StatuteNumber1"><span class="s2078759DefaultParagraphFont">(4)    Receive certificates and other evidences of ownership with respect to stocks and bonds; and</span></p><p dir="ltr" class="s2078759StatuteNumber1"><span class="s2078759DefaultParagraphFont">(5)    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.</span></p><p dir="ltr" class="s2078759Normal"><span xml:space="preserve" class="s2078759000000"> </span></p><p dir="ltr" class="s2078759NoIndent"><span xml:space="preserve" class="s2078759DefaultParagraphFont-000001">Source: </span><span class="s2078759SCL">SL 2020, ch 214, § 28.</span></p></div></body></html>