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Ala. Code § 26-1A-207

Commodities and Options.

Known as the Alabama Uniform Power of Attorney Act

The act spans §§ 26-1A-101 to 26-1A-404 (46 sections).

(Act 2011-683, p. 2015, §1.)

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.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.