<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-12-29 - Commodities and options.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2078732Normal { text-indent: 0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078732SENU { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078732CL { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078732DefaultParagraphFont { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078732StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078732000000 { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078732NoIndent { text-indent: 0.00in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078732DefaultParagraphFont-000001 { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078732SCL { font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2078732Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-12-29"><span class="s2078732SENU">59-12-29</span></a><span xml:space="preserve" class="s2078732SENU">. </span><span class="s2078732CL">Commodities and options.</span></p><p dir="ltr" class="s2078732Normal"><span class="s2078732DefaultParagraphFont">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:</span></p><p dir="ltr" class="s2078732StatuteNumber1"><span class="s2078732DefaultParagraphFont">(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</span></p><p dir="ltr" class="s2078732StatuteNumber1"><span class="s2078732DefaultParagraphFont">(2)    Establish, continue, modify, and terminate option accounts.</span></p><p dir="ltr" class="s2078732Normal"><span xml:space="preserve" class="s2078732000000"> </span></p><p dir="ltr" class="s2078732NoIndent"><span xml:space="preserve" class="s2078732DefaultParagraphFont-000001">Source: </span><span class="s2078732SCL">SL 2020, ch 214, § 29.</span></p></div></body></html>