§ 3-9-205 — Tangible personal property

(a) 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:
(i) 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;
(ii) Sell, exchange, quitclaim, release, surrender,
create a security interest in, grant options concerning, lease,
sublease, convey with or without covenants, representations or
warranties, or otherwise dispose of tangible personal property
or an interest in tangible personal property;
(iii) 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;
(iv) 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;
(v) Manage or conserve tangible personal property or
an interest in tangible personal property on behalf of the
principal, including:
(A) Insuring against liability, 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;
(F) Using and making repairs, alterations or
improvements to the property.
(vi) Change the form of title of an interest in
tangible personal property.