Section 26-1A-206 - Stocks and bondsUnless 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:
(1) buy, sell, and exchange stocks and bonds;(2) establish, continue, modify, or terminate an account with respect to stocks and bonds;(3) pledge stocks and bonds as security to borrow, pay, renew, or extend the time of payment of a debt of the principal;(4) receive certificates and other evidences of ownership with respect to stocks and bonds; and(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.Ala. Code § 26-1A-206 (1975)