Code of Virginia § 64.2-1628. Commodities and options.
74 words·~1 min read·
/va/title-64-2/chapter-16/64-2-1628·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
2010, cc. 455 , 632 , § 26-101; 2012, c. 614 .