Alabama Statutes

§ 26-1A-207 — Commodities and Options

Alabama·Title 26 Infants and Incompetents·Ch. 1A Alabama Uniform Power of Attorney Act·Art. 2 Authority

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.

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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.

Alabama § 26-1A-207 (Commodities and Options) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2011-683, p. 2015, §1.)

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