[§551E‑37] Commodities and options.
74 words·~1 min read·
/hi/551e-25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§551E‑37] Commodities and options. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to commodities and options shall authorize the agent to:
(1)Buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a regulated option exchange; and
(2)Establish, continue, modify, and terminate option accounts. [L 2014, c 22, pt of §1]