California Probate Code

§ 4454

PROB § 4454 Effective Jan 1, 1995Div. 4.5 · Part 3 · Ch. 2

Statute text

In a statutory form power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to do all of the following:

(a)Buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call and put options on stocks and stock indexes traded on a regulated option exchange.

(b)Establish, continue, modify, and terminate option accounts with a broker.

Legislative history

Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.