Sec. 752.105. COMMODITY AND OPTION TRANSACTIONS. The language conferring authority with respect to commodity and option transactions in a statutory durable power of attorney empowers the attorney in fact or agent to:
(1) buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call and put options on stocks and stock indexes traded on a regulated options exchange; and
(2) establish, continue, modify, or terminate option accounts with a broker.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.01, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle P - Durable Powers of Attorney
Chapter 752 - Statutory Durable Power of Attorney
Subchapter C. Construction of Powers Related to Statutory Durable Power of Attorney
Section 752.101. Construction in General
Section 752.102. Real Property Transactions
Section 752.103. Tangible Personal Property Transactions
Section 752.104. Stock and Bond Transactions
Section 752.105. Commodity and Option Transactions
Section 752.106. Banking and Other Financial Institution Transactions
Section 752.107. Business Operation Transactions
Section 752.108. Insurance and Annuity Transactions
Section 752.109. Estate, Trust, and Other Beneficiary Transactions
Section 752.110. Claims and Litigation
Section 752.111. Personal and Family Maintenance
Section 752.112. Benefits From Certain Governmental Programs or Civil or Military Service
Section 752.113. Retirement Plan Transactions