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KRS 457.300

Commodities and options

Known as the Uniform Power of Attorney Act

The act spans §§ 457–457 (49 sections).

Effective: July 15, 2020 History: Created 2020 Ky

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: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.