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La. R.S. 9:3873

Commodity and option transactions; powers granted

Known as the Louisiana Military Power of Attorney Act

The act spans §§ 9–9 (38 sections).

Acts 1991 1st E.S., No. 5, §1, eff

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

(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.

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

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.