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 by Laws 2021, c. 332, § 30, eff. Nov. 1, 2021.