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2018 North Carolina General Statutes
Chapter 32C - North Carolina Uniform Power of Attorney Act
Article 2 - Authority.
§ 32C-2-207 - Commodities and options.
Universal Citation:
NC Gen Stat § 32C-2-207 (2018)
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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.)
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