Section 162A.490 - 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: (c) Convey with or without covenants, representations or warranties;(g) Create a security interest in;(h) Grant options concerning;(k) Otherwise dispose of, 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; and6. The agent to change the form of title of an interest in tangible personal property.Added to NRS by 2009, 185Added to NRS by 2009, 185