Commodities and options.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Uniform Power of Attorney
  5. Part 2
  6. Commodities and options.

Checkout our iOS App for a better way to browser and research.

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:

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; and

B. establish, continue, modify and terminate option accounts.

History: Laws 2007, ch. 135, § 207; 1978 Comp., § 46B-1-207 recompiled as § 45-5B-207 by Laws 2011, ch. 124, § 102.

ANNOTATIONS

Recompilations. — Laws 2011, ch. 124, § 102 recompiled former 46B-1-207 NMSA 1978 as 45-5B-207 NMSA 1978, effective January 1, 2012.


Download our app to see the most-to-date content.