32C-2-207. Commodities and options.
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 do all of the following:
(1) 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.
(2) Establish, continue, modify, and terminate option accounts. (2017-153, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 32C - North Carolina Uniform Power of Attorney Act
§ 32C-2-201 - Authority requiring specific grant; grant of general authority.
§ 32C-2-202 - Incorporation of authority.
§ 32C-2-203 - Construction of authority, generally.
§ 32C-2-205 - Tangible personal property.
§ 32C-2-206 - Stocks and bonds.
§ 32C-2-207 - Commodities and options.
§ 32C-2-208 - Banks and other financial institutions.
§ 32C-2-209 - Operation of entity.
§ 32C-2-210 - Insurance and annuities.
§ 32C-2-211 - Estates, trusts, and other beneficial interests.
§ 32C-2-212 - Claims and litigation.
§ 32C-2-213 - Personal and family maintenance.
§ 32C-2-214 - Benefits from governmental programs or civil or military service.
§ 32C-2-215 - Retirement plans.
§ 32C-2-217 - Gifts authorized by general authority.