{"code":"PROB","codeName":"Probate Code","section":"4454","citation":"Prob. Code, § 4454","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4.5. POWERS OF ATTORNEY [4000. - 4545.]","url":"https://blackletter.si/probate-code/division-4.5"},{"name":"PART 3. UNIFORM STATUTORY FORM POWER OF ATTORNEY [4400. - 4465.]","url":"https://blackletter.si/probate-code/division-4.5/part-3"},{"name":"CHAPTER 2. Construction of Powers [4450. - 4465.]","url":"https://blackletter.si/probate-code/division-4.5/part-3/chapter-2"}],"history":"Added by Stats. 1994, Ch. 307, Sec. 16.   Effective January 1, 1995.","effective":"1995-01-01","html":"<p>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:</p><p>(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.</p><p>(b) Establish, continue, modify, and terminate option accounts with a broker.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/probate-code/construction-of-powers-4454","source":"California Legislative Information bulk export (pubinfo)"}