State Codes and Statutes

Statutes > Nebraska > Chapter49 > 49-1555

49-1555. General Power for Securities, defined.The short form expression, General Power for Securities, shall mean that the principal, in connection with and with respect to any bond, stock, or other security, whether or not any of them is specifically described or named, generally authorizes and empowers the agent to have and to exercise collectively or singly and concurrently or consecutively any one or more in combination or otherwise of each of Specific Authority for Acquisitions, Specific Authority for Ancillary Matters, Specific Authority for Assistants, Specific Authority for Claims, Specific Authority for Compensation, Specific Authority for Contracts, Specific Authority for Disclosure, Names, and Signatures, Specific Authority for Dispositions, Specific Authority for Documents, Specific Authority for Encumbrances, Specific Authority for Insolvency Proceedings, Specific Authority for Investments, Specific Authority for Proceeds, Specific Authority for Reimbursements, Specific Authority for Reorganizations, Specific Authority for Reports, Specific Authority for Taxes, and Specific Authority for Trusts, and that the principal also generally authorizes and empowers the agent to abandon, acquire, buy, dispose of, donate, encumber, exchange, finance, gift, grant, or receive any secured interest in, hypothecate, invest in, mortgage, pledge, receive, reinvest in, retain, sell, trade, or transfer any bill, bond, certificate, commodity contract, coupon, debenture, draft, general or limited partnership interest, investment certificate, investment commodity, note, option, stock, warrant, or other security, to change, close, maintain, or open any account with any agent, broker, dealer, or other person or persons, to deal and transact business with any agent, broker, dealer, or other person or persons, to hold or transfer any security in the name or names of any nominee or nominees, in registered or unregistered form, or in or through any other direct or indirect mode, and otherwise generally to act or decide as to any security or related circumstance, condition, interest, matter, property, question, or transaction as the principal might do or omit to do in person and while competent. SourceLaws 1988, LB 475, § 55.