Ala. Code § 26-1A-207

Current with legislation from 2024 effective through April 4, 2024.

Section 26-1A-207 - 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.

Ala. Code § 26-1A-207 (1975)

Act 2011-683, §1.