§ 4454
65 words·~1 min read·
/ca/probate-code/4454A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In a statutory form power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to do all of the following:
(a)Buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call and put options on stocks and stock indexes traded on a regulated option exchange.
(b)Establish, continue, modify, and terminate option accounts with a broker.