{"data":{"id":"us-mi/mich.-comp.-laws-556.307","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 556.307","heading":"Authority of agent; commodities and options.","body":"Sec. 207.\n\nUnless 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:\n\n(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.\n\n(b) Establish, continue, modify, and terminate option accounts.","path":["MI Code","Chapter 556","Act Act-187-of-2023"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-556-307","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"bd9948ebb307a13c9f0be3bf4f6456adaa9fce69cbad47616e8699d42c1e26b7","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-556.306","next":"us-mi/mich.-comp.-laws-556.308"},"notice":"GroundRules: Original legal text. Not legal advice."}