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22-21-355
Section 22-21-355 Further provisions respecting investment of funds. In addition to
the investment powers granted by the enabling statute, any authority shall, to the extent
permitted by the contracts of such authority with the holders of its securities, have the
further power to invest any portion of the principal proceeds derived from the sale of any
of its securities not then needed for any of the purposes for which such securities were authorized
to be issued, any moneys held in any special fund created pursuant to any resolution or mortgage,
mortgage indenture, mortgage and trust indenture or trust indenture authorizing or securing
any of its securities, and any other moneys of such authority not then needed by it, in any
of the following: (1) Debt securities (whether general obligations or limited or special obligations)
of any state, territory or possession of the United States of America and of any political
subdivision of any such state, territory or possession, but if and...
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26-1A-118
Section 26-1A-118 Agent's resignation; notice. Unless the power of attorney provides
a different method for an agent's resignation, an agent may resign by giving notice to the
principal and, if the principal is incapacitated: (1) to the conservator, or guardian if there
is no conservator, if either has been appointed for the principal and a co-agent or successor
agent; or (2) if there is no person described in paragraph (1): (A) the principal's caregiver;
(B) another person reasonably believed by the agent to have sufficient interest in the principal's
welfare; or (C) a governmental agency having authority to protect the welfare of the principal.
(Act 2011-683, p. 2015, §1.)...
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26-1A-208
Section 26-1A-208 Banks and other financial institutions. Unless the power of attorney
otherwise provides, language in a power of attorney granting general authority with respect
to banks and other financial institutions authorizes the agent to: (1) continue, modify, and
terminate an account or other banking arrangement made by or on behalf of the principal; (2)
establish, modify, and terminate an account or other banking arrangement with a bank, trust
company, savings and loan association, credit union, thrift company, brokerage firm, or other
financial institution selected by the agent; (3) contract for services available from a financial
institution, including renting a safe deposit box or space in a vault; (4) withdraw, by check,
order, electronic funds transfer, or otherwise, money or property of the principal deposited
with or left in the custody of a financial institution; (5) receive statements of account,
vouchers, notices, and similar documents from a financial institution...
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26-1A-210
Section 26-1A-210 Insurance and annuities. Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with respect to insurance and annuities
authorizes the agent to: (1) continue, pay the premium or make a contribution on, modify,
exchange, rescind, release, or terminate a contract procured by or on behalf of the principal
which insures or provides an annuity to either the principal or another person, whether or
not the principal is a beneficiary under the contract; (2) procure new, different, and additional
contracts of insurance and annuities for the principal and the principal's spouse, children,
and other dependents, and select the amount, type of insurance or annuity, and mode of payment;
(3) pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate
a contract of insurance or annuity procured by the agent; (4) apply for and receive a loan
secured by a contract of insurance or annuity; (5) surrender...
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26-1A-212
Section 26-1A-212 Claims and litigation. Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with respect to claims and litigation
authorizes the agent to: (1) assert and maintain before a court or administrative agency a
claim, claim for relief, cause of action, counterclaim, offset, recoupment, or defense, including
an action to recover property or other thing of value, recover damages sustained by the principal,
eliminate or modify tax liability, or seek an injunction, specific performance, or other relief;
(2) bring an action to determine adverse claims or intervene or otherwise participate in litigation;
(3) seek an attachment, garnishment, order of arrest, or other preliminary, provisional, or
intermediate relief and use an available procedure to effect or satisfy a judgment, order,
or decree; (4) make or accept a tender, offer of judgment, or admission of facts, submit a
controversy on an agreed statement of facts, consent...
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41-10-592
Section 41-10-592 Authority to issue bonds to finance Y2K expenditures. (a) The authority
shall have, in addition to all other powers granted to it in Section 41-10-546, the
power to issue bonds for the purpose of financing Y2K expenditures and, as security for the
payment thereof, to pledge appropriated funds on a parity with the pledge thereof for the
benefit of any or all other bonds of the authority secured or to be secured thereby; provided,
however, that the principal amount of bonds that may be issued by the authority for such purposes
shall not exceed fifty-five million dollars ($55,000,000). (b) All bonds issued pursuant to
this division (i) shall be issued and sold in the manner required by Section 41-10-547,
as amended, and (ii) shall not be general obligations of the authority but shall be payable
solely from one or more of the sources described in subdivisions (1) and (4) to (7), inclusive,
of subsection (d) of Section 41-10-547. (Act 99-198, p. 237, §4.)...
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22-19-161
Section 22-19-161 Definitions. In this article: (1) "Adult" means an individual
who is at least 18 years of age. (2) "Agent" means an individual: (A) authorized
to make health care decisions on the principal's behalf by a power of attorney for health
care; or (B) expressly authorized to make an anatomical gift on the principal's behalf by
any other record signed by the principal. (3) "Anatomical gift" means a donation
of all or part of a human body to take effect after the donor's death for the purpose of transplantation,
therapy, research, or education. (4) "Coroner" means an elected or appointed official
who determines, with the assistance of other forensic scientists and investigators, the cause,
manner, and circumstances surrounding death. (5) "Decedent" means a deceased individual
whose body or part is or may be the source of an anatomical gift. The term includes a stillborn
infant and, subject to restrictions imposed by law other than this article, a fetus. (6) "Disinterested...
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26-1A-204
Section 26-1A-204 Real property. (a) Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with respect to real property authorizes
the agent to: (1) demand, buy, lease, receive, accept as a gift or as security for an extension
of credit, or otherwise acquire or reject an interest in real property or a right incident
to real property; (2) sell; exchange; convey with or without covenants, representations, or
warranties; quitclaim; release; surrender; retain title for security; encumber; partition;
consent to partitioning; subject to an easement or covenant; subdivide; apply for zoning or
other governmental permits; plat or consent to platting; develop; grant an option concerning;
lease; sublease; contribute to an entity in exchange for an interest in that entity; or otherwise
grant or dispose of an interest in real property or a right incident to real property; (3)
pledge or mortgage an interest in real property or right incident to...
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26-1A-119
Section 26-1A-119 Acceptance of and reliance upon acknowledged power of attorney. (a)
For purposes of this section and Section 26-1A-120, "acknowledged"
means purportedly verified before a notary public or other individual authorized to take acknowledgments
and "reasonable time" shall not be deemed to be less than seven business days. (b)
A person that effects a transaction in reliance upon an acknowledged power of attorney without
actual knowledge that the signature is not genuine may rely upon the presumption under Section
26-1A-105 that the signature is genuine. (c) A person that effects a transaction in reliance
upon an acknowledged power of attorney without actual knowledge that the power of attorney
is void, invalid, or terminated, that the purported agent's authority is void, invalid, or
terminated, or that the agent is exceeding or improperly exercising the agent's authority
is fully exonerated from any liability for effecting the transaction in reliance upon the
power of...
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26-1A-205
Section 26-1A-205 Tangible personal property. Unless the power of attorney otherwise
provides, language in a power of attorney granting general authority with respect to tangible
personal property authorizes the agent to: (1) demand, buy, receive, accept as a gift or as
security for an extension of credit, or otherwise acquire or reject ownership or possession
of tangible personal property or an interest in tangible personal property; (2) sell; exchange;
convey with or without covenants, representations, or warranties; quitclaim; release; surrender;
create a security interest in; grant options concerning; lease; sublease; or, otherwise dispose
of tangible personal property or an interest in tangible personal property; (3) grant a security
interest in tangible personal property or an interest in tangible personal property as security
to borrow money or pay, renew, or extend the time of payment of a debt of the principal or
a debt guaranteed by the principal; (4) release, assign,...
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