Commodities and options
Known as the Uniform Power of Attorney Act
The act spans §§ 15-12-101 to 15-12-403 (45 sections).
I.C., § 15-12 -207, as added by 2008, ch. 186, § 2, p. 572.
Unless a 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 and put options on stocks and stock indexes traded on a regulated option exchange; and
(2) Establish, continue, modify and terminate option accounts.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.