2006 New Mexico Statutes - 45-5-607 — Construction of power relating to commodity and option transactions.
45-5-607. Construction of power relating to commodity and option transactions.
In a statutory power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to 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, and establish, continue, modify and terminate option accounts with a broker.
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