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Codified Laws

59-12-29. 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.

Source: SL 2020, ch 214, § 29.

References