Statute · California Probate Code
Cal. Prob. Code § 4454 — Construction of Powers
Cal. Prob. Code § 4454
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Date
- 1995-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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:
Citator
Cal. Prob. Code § 4454 — Construction of Powers is in force in the current edition of the Code, and nothing recorded condemns it.
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.