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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 64.2. Wills, Trusts, and Fiduciaries |
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SUBTITLE IV. Fiduciaries and Guardians |
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PART B. Powers of Attorney |
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CHAPTER 16. Uniform Power of Attorney Act |
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ARTICLE 2. Authority |
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SECTION 64.2-1628. Commodities and options |
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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: 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; and 2. Establish, continue, modify, and terminate option accounts. |