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Del. Code tit. 12, § 49A-207

Commodities and options

Known as the Durable Personal Powers of Attorney Act

The act spans §§ 12-49A-101 to 12-49A-301 (38 sections).

77 Del

Unless the personal power of attorney otherwise provides, language in a personal 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: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.