Okla. Stat. tit. 15, § 15-1005

This is the official text of Okla. Stat. tit. 15, § 15-1005, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.

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Construction of power generally

Official statutory text

CONSTRUCTION OF POWER GENERALLY

By executing a statutory power of attorney with respect to a

subject listed in subsection A of Section 1 of this act, the

principal, except as limited or extended by the principal in the

power of attorney, empowers the agent, for that subject to:

1. Demand, receive, and obtain by litigation or otherwise,

money or other thing of value to which the principal is, may become,

or claims to be entitled and to conserve, invest, disburse, or use

anything so received 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, reform, release, or modify the contract or another contract

made by or on behalf of the principal;

3. Execute, acknowledge, seal, and deliver a deed, revocation,

mortgage, lease, notice, check, release, or other instrument the

agent considers desirable to accomplish a purpose of a transaction;

4. Prosecute, defend, submit to arbitration, settle, and

propose or accept a compromise with respect to, a claim existing in

favor of or against the principal or intervene in litigation

relating to the claim;

Oklahoma Statutes - Title 15. Contracts Page 224

5. Seek on the principal's behalf the assistance of a court to

carry out an act authorized by the power of attorney;

6. Engage, compensate, and discharge an attorney, accountant,

expert witness, or other assistant;

7. Keep appropriate records of each transaction, including an

accounting of receipts and disbursements;

8. Prepare, execute, and file a record, report, or other

document the agent considers desirable to safeguard or promote the

principal's interest under a statute or governmental regulation;

9. Reimburse the agent for expenditures properly made by the

agent in exercising the powers granted by the power of attorney; and

10. In general, do any other lawful act with respect to the

subject.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.