Connecticut § 1-351d General authority with respect to tangible personal property.

Connecticut Statutes

§ 1-351d — General authority with respect to tangible personal property.

Connecticut·Title 1 Provisions of General Application·Ch. 15c Connecticut Uniform Power of Attorney Act and Connecticut Uniform Recognition of Substitute Decision-Making Documents Act

Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to tangible personal property authorizes the agent to:

(1)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)Sell; exchange; convey with or without covenants, representations, or warranties; quitclaim; release; surrender; create a security interest in; grant options concerning; lease; sublease; or otherwise dispose of tangible personal property or an interest in tangible personal property;

(3)Grant a security interest in tangible personal property or an interest in tangible personal property as security to

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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to tangible personal property authorizes the agent to: (1) 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) Sell; exchange; convey with or without covenants, representations, or warranties; quitclaim; release; surrender; create a security interest in; grant options concerning; lease; sublease; or otherwise dispose of tangible personal property or an interest in tangible personal property; (3) 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) 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) 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 such 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.

Connecticut § 1-351d (General authority with respect to tangible personal property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 15-240, S. 28; P.A. 16-40, S. 9.) History: P.A. 15-240 effective July 1, 2016; P.A. 16-40 changed effective date of P.A. 15-240, S. 28, from July 1, 2016, to October 1, 2016, effective May 27, 2016.