Construction of power relating to commodity and option transactions

1. Law
2. District of Columbia Code
3. Fiduciary Relations and Persons with Mental Illness. [Enacted title]
4. Uniform General Power of Attorney
5. Construction of power relating to commodity and option transactions

In a statutory power of attorney the language granting power with respect to commodity and option transactions empowers the agent to 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 establish, continue, modify, and terminate option accounts with a broker.

(Sept. 18, 1998, D.C. Law 12-147, § 2, 45 DCR 3853.)

Prior Codifications

1981 Ed., § 21-2107.

Editor's Notes

Uniform Law: This section is based upon § 7 of the Uniform Statutory Form Power of Attorney Act.

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