§ 5-1502C. Construction--bond, share and commodity transactions. In a\nstatutory short form power of attorney, the language conferring general\nauthority with respect to "bond, share and commodity transactions," must\nbe construed to mean that the principal authorizes the agent:\n 1. To accept as a gift, or as security for a loan, to reject, to\ndemand, to buy, to receive, or otherwise to acquire either ownership or\npossession of, any bond, share, instrument of similar character,\ncommodity interest or any instrument with respect thereto, together with\nthe interest, dividends, proceeds or other distributions connected\ntherewith;\n 2. To sell (including short sales), to exchange, to transfer either\nwith or without a guaranty, to release, to surrender, to hypothecate, to\npledge, to create, modify or revoke a trust to grant options concerning,\nto loan, to trade in, or otherwise to dispose of any bond, share,\ninstrument of similar character, commodity interest or any instrument\nwith respect thereto;\n 3. To release in whole or in part, to assign the whole or a part of,\nto satisfy in whole or in part, and to enforce by action, proceeding or\notherwise, any pledge, incumbrance, lien or other claim as to any bond,\nshare, instrument of similar character, commodity interest or any\ninterest with respect thereto, when such pledge, incumbrance, lien or\nother claim is owned, or claimed to be owned, by the principal;\n 4. To do any act of management or of conservation with respect to any\nbond, share, instrument of similar character, commodity interest or any\ninstrument with respect thereto, owned or claimed to be owned by the\nprincipal or in which the principal has or claims to have an interest,\nincluding by way of illustration, but not of restriction, power to\ninsure against any casualty, liability or loss, to obtain or to regain\npossession or to protect the principal's interest therein by action,\nproceeding or otherwise, to pay, to compromise or to contest taxes or\nassessments, to apply for refunds in connection therewith, to consent to\nand to participate in any reorganization, recapitalization, liquidation,\nmerger, consolidation, sale or lease, or other change in or revival of a\ncorporation or other association, or in the financial structure of any\ncorporation or other association, or in the priorities, voting rights or\nother special rights with respect thereto, to become a depositor with\nany protective, reorganization or similar committee of the bond, share,\nother instrument of similar character, commodity interest or any\ninstrument with respect thereto, belonging to the principal, to make any\npayments reasonably incident to the foregoing, to exercise or to sell\nany option, conversion or similar right, to vote in person or by the\ngranting of a proxy (with or without the power of substitution), either\ndiscretionary, general or otherwise, for the accomplishment of any of\nthe purposes enumerated in this section;\n 5. To carry in the name of a nominee selected by the agent any\nevidence of the ownership of any bond, share, other instrument of\nsimilar character, commodity interest or instrument with respect\nthereto, belonging to the principal;\n 6. To employ, in any way believed to be desirable by the agent, any\nbond, share, other instrument of similar character, commodity interest\nor any instrument with respect thereto, in which the principal has or\nclaims to have any interest, for the protection or continued operation\nof any speculative or margin transaction personally begun or personally\nguaranteed, in whole or in part, by the principal;\n 7. To demand, to receive, to obtain by action, proceeding or\notherwise, any money or other thing of value to which the principal is,\nor may become, or may claim to be entitled as the proceeds of any\ninterest in a bond, share, other instrument of similar character,\ncommodity interest or any instrument with respect thereto, or of one or\nmore of the trans
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