Commodities and Options

Ala. Code § 26-1A-207 — under Title 26.

Ala. Code § 26-1A-207

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.

History: (Act 2011-683, p. 2015, §1.)