72-31-227. Construction of power relating to commodity and option transactions.
72-31-227. Construction of power relating to commodity and option transactions. In a statutory power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to buy, sell, exchange, assign, settle, and exercise commodity futures contracts; call and put options on stocks and stock indexes traded on a regulated option exchange; and establish, continue, modify, and terminate option accounts with a broker.
History: En. Sec. 119, Ch. 494, L. 1993.