Montana Statutes

§ 72-31-342 — Commodities And Options

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 31 MISCELLANEOUS PROVISIONS RELATING TO FIDUCIARIES·Part 3 Uniform Power of Attorney Act

72-31-342 . 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.

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Legislative History

En. Sec. 119, Ch. 494, L. 1993; amd. Sec. 33, Ch. 109, L. 2011; Sec. 72-31-227 , MCA 2009; redes. 72-31-342 by Code Commissioner, 2011.

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