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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>375962</law_id><section_number>64.2-1628</section_number><catch_line>Commodities and options</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="136" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Fiduciaries and Guardians</unit><unit label="part" level="3" order_by="2" identifier="B">Powers of Attorney</unit><unit label="chapter" level="4" order_by="1" identifier="16">Uniform Power of Attorney Act</unit><unit label="article" level="5" order_by="2" identifier="2">Authority</unit></structure><text>
						<section><p>Unless the <span class="dictionary">power of attorney</span> otherwise provides, language in a <span class="dictionary">power of attorney</span> granting general authority with respect to commodities and options authorizes the <span class="dictionary">agent</span> to:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Buy, sell, exchange, assign, settle, and exercise commodity futures <span class="dictionary">contracts</span> and call or put options on stocks or stock indexes traded on a regulated option exchange; and <a id="paragraph-1403715" class="section-permalink" href="https://vacode.org/64.2-1628/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Establish, continue, modify, and terminate option accounts. <a id="paragraph-1403716" class="section-permalink" href="https://vacode.org/64.2-1628/#2"><i class="fa fa-link"/></a></p></section></text><history>2010, cc. 455, 632, &#xA7; 26-101; 2012, c. 614.</history><metadata></metadata></law>
