Tangible personal property

Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to tangible personal property authorizes: 1. The agent to demand, buy, receive, accept as a gift or as security for an extension of credit, or otherwise acquire or reject ownership or possession of tangible personal property or an interest in tangible personal property; 2. The agent to: (a) Sell; (b) Exchange; (c) Convey with or without covenants, representations or warranties; (d) Quitclaim; (e) Release; (f) Surrender; (g) Create a security interest in; (h) Grant options concerning; (i) Lease; (j) Sublease; or (k) Otherwise dispose of, Ê tangible personal property or an interest in tangible personal property; 3. The agent to grant a security interest in tangible personal property or an interest in tangible personal property as security to borrow money or pay, renew or extend the time of payment of a debt of the principal or a debt guaranteed by the principal; 4. The agent to release, assign, satisfy or enforce by litigation or otherwise, a security interest, lien or other claim on behalf of the principal, with respect to tangible personal property or an interest in tangible personal property; 5. The agent to manage or conserve tangible personal property or an interest in tangible personal 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 or interest, by litigation or otherwise; (c) Paying, assessing, compromising or contesting taxes or assessments, or applying 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. The agent to change the form of title of an interest in tangible personal property.