Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to tangible personalproperty authorizes the agent to:
1. Demand, buy, receive, accept as a gift or as security for an extension ofcredit, or otherwise acquire or reject ownership or possession of tangiblepersonal property or an interest in tangible personal property;
2. Sell; exchange; convey with or without covenants, representations, orwarranties; quitclaim; release; surrender; create a security interest in;grant options concerning; lease; sublease; or otherwise dispose of tangiblepersonal property or an interest in tangible personal property;
3. Grant a security interest in tangible personal property or an interest intangible personal property as security to borrow money or pay, renew, orextend the time of payment of a debt of the principal or a debt guaranteed bythe principal;
4. Release, assign, satisfy, or enforce by litigation or otherwise, asecurity interest, lien, or other claim on behalf of the principal, withrespect to tangible personal property or an interest in tangible personalproperty;
5. Manage or conserve tangible personal property or an interest in tangiblepersonal property on behalf of the principal, including:
a. Insuring against liability or casualty or other loss;
b. Obtaining or regaining possession of or protecting the property orinterest, by litigation or otherwise;
c. Paying, assessing, compromising, or contesting taxes or assessments orapplying for and receiving refunds in connection with taxes or assessments;
d. Moving the property from place to place;
e. Storing the property for hire or on a gratuitous bailment; and
f. Using and making repairs, alterations, or improvements to the property; and
6. Change the form of title of an interest in tangible personal property.
Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to tangible personalproperty authorizes the agent to:
1. Demand, buy, receive, accept as a gift or as security for an extension ofcredit, or otherwise acquire or reject ownership or possession of tangiblepersonal property or an interest in tangible personal property;
2. Sell; exchange; convey with or without covenants, representations, orwarranties; quitclaim; release; surrender; create a security interest in;grant options concerning; lease; sublease; or otherwise dispose of tangiblepersonal property or an interest in tangible personal property;
3. Grant a security interest in tangible personal property or an interest intangible personal property as security to borrow money or pay, renew, orextend the time of payment of a debt of the principal or a debt guaranteed bythe principal;
4. Release, assign, satisfy, or enforce by litigation or otherwise, asecurity interest, lien, or other claim on behalf of the principal, withrespect to tangible personal property or an interest in tangible personalproperty;
5. Manage or conserve tangible personal property or an interest in tangiblepersonal property on behalf of the principal, including:
a. Insuring against liability or casualty or other loss;
b. Obtaining or regaining possession of or protecting the property orinterest, by litigation or otherwise;
c. Paying, assessing, compromising, or contesting taxes or assessments orapplying for and receiving refunds in connection with taxes or assessments;
d. Moving the property from place to place;
e. Storing the property for hire or on a gratuitous bailment; and
f. Using and making repairs, alterations, or improvements to the property; and
6. Change the form of title of an interest in tangible personal property.
Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to tangible personalproperty authorizes the agent to:
1. Demand, buy, receive, accept as a gift or as security for an extension ofcredit, or otherwise acquire or reject ownership or possession of tangiblepersonal property or an interest in tangible personal property;
2. Sell; exchange; convey with or without covenants, representations, orwarranties; quitclaim; release; surrender; create a security interest in;grant options concerning; lease; sublease; or otherwise dispose of tangiblepersonal property or an interest in tangible personal property;
3. Grant a security interest in tangible personal property or an interest intangible personal property as security to borrow money or pay, renew, orextend the time of payment of a debt of the principal or a debt guaranteed bythe principal;
4. Release, assign, satisfy, or enforce by litigation or otherwise, asecurity interest, lien, or other claim on behalf of the principal, withrespect to tangible personal property or an interest in tangible personalproperty;
5. Manage or conserve tangible personal property or an interest in tangiblepersonal property on behalf of the principal, including:
a. Insuring against liability or casualty or other loss;
b. Obtaining or regaining possession of or protecting the property orinterest, by litigation or otherwise;
c. Paying, assessing, compromising, or contesting taxes or assessments orapplying for and receiving refunds in connection with taxes or assessments;
d. Moving the property from place to place;
e. Storing the property for hire or on a gratuitous bailment; and
f. Using and making repairs, alterations, or improvements to the property; and
6. Change the form of title of an interest in tangible personal property.
