{"data":{"id":"us-me/18-c-m.r.s.-5-941","jurisdiction":"us-me","citation":"18-C M.R.S. §5-941","heading":"Estate, trust and other beneficial interest","body":"1.  Definition.  As used in this section, \"estate, trust and other beneficial interest\" means a trust, probate estate, guardianship, conservatorship, escrow or custodianship or a fund from which the principal is, may become or claims to be entitled to a share or payment.\n2.  General authority.  Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to an estate, trust and other beneficial interest authorizes the agent to:\nA.  Accept, receive, receipt for, sell, assign, pledge or exchange a share in or payment from the fund;\nB.  Demand or obtain money or another thing of value to which the principal is, may become or claims to be entitled by reason of the fund, by litigation or otherwise;\nC.  Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;\nD.  Initiate, participate in, submit to alternative dispute resolution, settle, oppose or propose or accept a compromise with respect to litigation to ascertain the meaning, validity or effect of a deed, will, declaration of trust or other instrument or transaction affecting the interest of the principal;\nE.  Initiate, participate in, submit to alternative dispute resolution, settle, oppose or propose or accept a compromise with respect to litigation to remove, substitute or surcharge a fiduciary;\nF.  Conserve, invest, disburse or use anything received for an authorized purpose; and\nG.  Transfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities and other property to the trustee of a revocable trust created by the principal as settlor.","path":["TITLE 18-C: PROBATE CODE","PART 9: MAINE UNIFORM POWER OF ATTORNEY ACT"],"source_url":"https://legislature.maine.gov/statutes/18-C/title18-Csec5-941.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:29Z","sha256":"28e515fd5b11d2f834495604ebbbad4e7774fcb8646ded797221ebc3e70d0566","source_id":"us-me","stale":false,"prev":"us-me/18-c-m.r.s.-5-940","next":"us-me/18-c-m.r.s.-5-942"},"notice":"GroundRules: Original legal text. Not legal advice."}