Okla. Stat. tit. 58, § 58-3027
This is the official text of Okla. Stat. tit. 58, § 58-3027, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Real property
Official statutory text
Oklahoma Statutes - Title 58. Probate Procedure Page 175
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 Page 176
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.
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 Page 176
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.
Status: in_force · Read it on the official government site
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