162A.510 - Commodities and options. - Nevada Statutes - USA Laws Searching

Statutes > Nevada Statutes > TITLE 13 - GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS > Chapter 162A - Power of Attorney for Financial Matters and Durable Power of Attorney for Health Care Decisions > POWER OF ATTORNEY (UNIFORM ACT) > Authority > 162A.510 - Commodities and options.

162A.510 - Commodities and options.

162A.510  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.

      (Added to NRS by 2009, 186)

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