Probate Code section 4454

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.

Source: Section 4454, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PROB§ionNum=4454.­ (updated Jan. 1, 1995; accessed Jun. 16, 2025).

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Jun. 16, 2025

§ 4454’s source at ca​.gov