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2021 California Code
Probate Code - PROB
DIVISION 4.5 - POWERS OF ATTORNEY
PART 3 - UNIFORM STATUTORY FORM POWER OF ATTORNEY
CHAPTER 2 - Construction of Powers
Section 4454.
Universal Citation: CA Prob Code § 4454 (2021)
4454.
In a statutory form power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to do all of the following:
(a) 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.
(b) Establish, continue, modify, and terminate option accounts with a broker.
(Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.)
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