Commodities and options

Va. Code Ann. § 64.2-1628, under Chapter 16. Uniform Power of Attorney Act..

Va. Code Ann. § 64.2-1628

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.