S.D. Codified Laws § 59-12-29

Current through the 2024 Legislative Session

Section 59-12-29 - 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.

SDCL 59-12-29

SL 2020, ch 214, § 29.

Added by S.L. 2020, ch. 214,s. 29, eff. 7/1/2020.