Unless the power of attorney otherwise provides and subject to Section 62-8-201, 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.

HISTORY: 2016 Act No. 279 (S.778), SECTION 1, eff January 1, 2017.