Nebraska § 30-4028 Tangible personal property

Nebraska Statutes

§ 30-4028 — Tangible personal property

Nebraska § 30-4028

Ch. 30Decedents' Estates; Protection of Persons and Property

This text of Nebraska § 30-4028 (Tangible personal property) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-4028 (2026).

Text

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 t

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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
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.