Oklahoma § 58-3027

§ 58-3027.

Real property.

Oklahoma Statutes - Title 58. Probate Procedure

Unless the power of attorney otherwise provides, language in a

power of attorney granting general authority with respect to real

property authorizes the agent to:

1. Demand, buy, lease, receive, accept as a gift or as security

for an extension of credit or otherwise acquire or reject an

interest in real property or a right incident to real property;

2. Sell; exchange; convey with or without covenants,

representations or warranties; quitclaim; release; surrender; retain

title for security; encumber; partition or consent to partitioning;

subject to an easement or covenant; subdivide; apply for zoning or

other governmental permits; plat or consent to platting; develop;

grant an option concerning; lease; sublease; contribute to an entity

in exchange for an interest in that entity; or otherwise grant or

dispose of an interest in real property or a right incident to real

property;

3. Pledge or mortgage an interest in real property or right

incident to real property as security to borrow money or pay, renew

or extend the time of payment of a debt of the principal or a debt

guaranteed by the principal;

4. Release, assign, satisfy or enforce by litigation or

otherwise a mortgage, deed of trust, conditional sale contract,

encumbrance, lien or other claim to real property which exists or is

asserted;

5. Manage or conserve an interest in real property or a right

incident to real property owned or claimed to be owned by the

principal, including:

a.

insuring against liability or casualty or other loss,

b.

obtaining or regaining possession of or protecting the

interest or right by litigation or otherwise,

c.

paying, assessing, compromising or contesting taxes or

assessments or applying for and receiving refunds in

connection with them, and

d.

purchasing supplies, hiring assistance or labor, and

making repairs or alterations to the real property;

6. Use, develop, alter, replace, remove, erect or install

structures or other improvements upon real property in or incident

to which the principal has, or claims to have, an interest or right;

7. Participate in a reorganization with respect to real

property or an entity that owns an interest in or right incident to

real property and receive, and hold, and act with respect to stocks

and bonds or other property received in a plan of reorganization,

including:

a.

selling or otherwise disposing of them,

b.

exercising or selling an option, right of conversion,

or similar right with respect to them, and

c.

exercising any voting rights in person or by proxy;

Oklahoma Statutes - Title 58. Probate Procedure

8. Change the form of title of an interest in or right incident

to real property; and

9. Dedicate to public use, with or without consideration,

easements or other real property in which the principal has, or

claims to have, an interest.

Added by Laws 2021, c. 332, § 27, eff. Nov. 1, 2021.