26-97 - Construction of authority generally.
§ 26-97. Construction of authority generally.
Except as otherwise provided in the power of attorney, by executing a powerof attorney that incorporates by reference a subject described in §§ 26-98through 26-111 or that grants to an agent authority to do all acts that aprincipal could do pursuant to subsection C of § 26-95, a principalauthorizes the agent, with respect to that subject, to:
1. Demand, receive, and obtain by litigation or otherwise, money or anotherthing of value to which the principal is, may become, or claims to beentitled, and conserve, invest, disburse, or use anything so received orobtained for the purposes intended;
2. Contract in any manner with any person, on terms agreeable to the agent,to accomplish a purpose of a transaction and perform, rescind, cancel,terminate, reform, restate, release, or modify the contract or anothercontract made by or on behalf of the principal;
3. Execute, acknowledge, seal, deliver, file, or record any instrument orcommunication the agent considers desirable to accomplish a purpose of atransaction, including creating at any time a schedule listing some or all ofthe principal's property and attaching it to the power of attorney;
4. Initiate, participate in, submit to alternative dispute resolution,settle, oppose, or propose or accept a compromise with respect to a claimexisting in favor of or against the principal or intervene in litigationrelating to the claim;
5. Seek on the principal's behalf the assistance of a court or othergovernmental agency to carry out an act authorized in the power of attorney;
6. Engage, compensate, and discharge an attorney, accountant, discretionaryinvestment manager, expert witness, or other advisor;
7. Prepare, execute, and file a record, report, or other document tosafeguard or promote the principal's interest under a statute or regulation;
8. Communicate with any representative or employee of a government orgovernmental subdivision, agency, or instrumentality, on behalf of theprincipal;
9. Access communications intended for, and communicate on behalf of theprincipal, whether by mail, electronic transmission, telephone, or othermeans; and
10. Do any lawful act with respect to the subject and all property related tothe subject.
(2010, cc. 455, 632.)