Alabama § 26-1A-207 Commodities and Options

Alabama Statutes

§ 26-1A-207 — Commodities and Options

Alabama § 26-1A-207

Title 26Infants and Incompetents

Ch. 1AAlabama Uniform Power of Attorney Act

Art. 2Authority

This text of Alabama § 26-1A-207 (Commodities and Options) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 26-1A-207 (2026).

Text

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.