District of Columbia § 21-2602.07 Commodities and options.

District of Columbia Statutes

§ 21-2602.07 — Commodities and options.

District of Columbia § 21-2602.07

Title 21Fiduciary Relations and Persons with Mental Illness. [Enacted title]

Ch. 26Uniform Power of Attorney Act.

Subch. IIAuthority.

This text of District of Columbia § 21-2602.07 (Commodities and options.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 21-2602.07 (2026).

Text

(a)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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(a) 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.