Code of Alabama - Title 26: Infants and Incompetents - Section 26-1A-207 - Commodities and options

Section 26-1A-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.

(Act 2011-683, p. 2015, §1.)

Last modified: May 3, 2021