556.307 Authority of agent; commodities and options.

Sec. 207.

    Unless the power of attorney provides otherwise, language in a power granting general authority with respect to commodities and options authorizes the agent to do the following:

    (a) 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.

    (b) Establish, continue, modify, and terminate option accounts.