Louisiana Revised Statutes 9:3873 – Commodity and option transactions; powers granted
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Terms Used In Louisiana Revised Statutes 9:3873
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
In a military power of attorney, the language granting power with respect to commodity and option transactions empowers the agent to do all of the following:
(1) 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.
(2) Establish, continue, modify, and terminate option accounts with a broker.
Acts 1991 1st E.S., No. 5, §1, eff. April 17, 1991; Acts 1995, No. 1131, §1.