North Carolina § 32C-2-207 - Commodities and options.
Full text of North Carolina North Carolina General Statutes § 32C-2-207 — Commodities and options., with citation guidance and answers to common questions.
§ 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: 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. Establish, continue, modify, and terminate option accounts. History (2017-153, s. 1.) NORTH CAROLINA COMMENT This section is somewhat similar to the powers concerning commodities defined in former G.S. 32A-2(3) that could be incorporated in the Statutory Short Form Power of Attorney pursuant to former G.S. 32A-1 , although the powers defined in former G.S. 32A-2(3) did not specifically refer to options. Editor's Note. - Session Laws 2017-153, s. 3, provides, in part: "The Revisor of Statutes shall cause to be printed, as annotations to the published General Statutes, all relevant portions of the Official Comments to the Uniform Power of Attorney Act (2006) and all explanatory comments of the drafters of this act as the Revisor may deem appropriate."
Frequently Asked Questions About North Carolina § 32C-2-207
What does North Carolina General Statutes § 32C-2-207 cover?
Section 32C-2-207 ("Commodities and options.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 32C-2-207?
A common citation format is "North Carolina General Statutes § 32C-2-207" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 32C-2-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.