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. (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. (2) Establish, continue, modify, and terminate option accounts.

Effective: July 15, 2020

History: Created 2020 Ky. Acts ch. 41, sec. 49, effective July 15, 2020.