TITLE 15

UNIFORM PROBATE CODE

CHAPTER 12

UNIFORM POWER OF ATTORNEY ACT

PART 2.

AUTHORITY

15-12-207.  Commodities and options. Unless a 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 and put options on stocks and stock indexes traded on a regulated option exchange; and

(2)  Establish, continue, modify and terminate option accounts.

History:

[15-12-207, added 2008, ch. 186, sec. 2, p. 572.]