1337.19 Powers of attorney in fact.
1337.19 Powers of attorney in fact.
By executing a power of attorney in the form set forth in division (A) of section 1337.18 of the Revised Code or any other power of attorney that incorporates by reference a power set forth in section 1337.20 of the Revised Code, the principal, except as modified in the power of attorney, authorizes the attorney in fact with respect to that power to do all of the following:
(A) Demand, receive, and obtain by litigation or otherwise money or any other thing of value to which the principal is, may become, or claims to be entitled and conserve, invest, disburse, or use anything so received for the purposes intended;
(B) Contract in any manner with any person, on terms agreeable to the attorney in fact, to accomplish a purpose of a transaction, and perform, rescind, reform, release, or modify the contract or another contract made by or for the principal;
(C) Execute, acknowledge, seal, and deliver a deed, revocation, mortgage, security interest, lease, notice, check, promissory note, electronic funds transfer, release, or other instrument or communication the attorney in fact considers desirable to accomplish a purpose of a transaction;
(D) Prosecute, defend, submit to arbitration, settle, or propose or accept a compromise with respect to a claim existing in favor of or against the principal or intervene in litigation relating to the claim;
(E) Seek on the principal’s behalf the assistance of a court to carry out an act authorized by the power of attorney;
(F) Engage, compensate, and discharge an attorney, accountant, expert witness, or other assistant;
(G) Keep appropriate records of each transaction, including an accounting of receipts and disbursements;
(H) Prepare, execute, and file a record, report, or other document the attorney in fact considers desirable to safeguard or promote the principal’s interest under a statute or governmental regulation;
(I) Reimburse the attorney in fact for expenditures properly made by the attorney in fact in exercising the powers granted by the power of attorney;
(J) Do any other lawful act with respect to the power of attorney.
Effective Date: 03-29-2006