In a statutory form power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to do all of the following:
(a) 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.
(b) Establish, continue, modify, and terminate option accounts with a broker.
(Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.)