New Mexico § 45-5B-207 Commodities and options

New Mexico Statutes

§ 45-5B-207 — Commodities and options

New Mexico § 45-5B-207

Ch. 45Uniform Probate Code

Art. 5BUniform Power of Attorney

This text of New Mexico § 45-5B-207 (Commodities and options) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 45-5B-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: A. 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 B. 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: A. 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 B. establish, continue, modify and terminate option accounts.