Section 207 – Commodities and options.

Effective 5/10/2016
75-9-207. 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.

Enacted by Chapter 256, 2016 General Session