75A-2-207. Commodities and options.
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Effective 9/1/2024
75A-2-207. 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 authorizes 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.
Renumbered and Amended by Chapter 364 , 2024 General Session