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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/26-1A-207.htm
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Modified:2012-06-05 14:09:50
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Title:26-1A-207
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Body: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, ยง1.)