Mich. Comp. Laws § 556.307

Current through Public Act 122 of the 2024 Legislative Session

Section 556.307 - Authority of agent; commodities and options

Unless the power of attorney provides otherwise, language in a power granting general authority with respect to commodities and options authorizes the agent to do the following:

(a) 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.

(b) Establish, continue, modify, and terminate option accounts.

MCL 556.307

Added by 2023, Act 187,s 31, eff. 7/1/2024.