2017 New Hampshire Revised Statutes
Title LVI - PROBATE COURTS AND DECEDENTS' ESTATES
Chapter 564-E - UNIFORM POWER OF ATTORNEY ACT
Section 564-E:205 - Tangible Personal Property.


[RSA 564-E:205 effective January 1, 2018.]
    564-E:205 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 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.

Source. 2017, 178:1, eff. Jan. 1, 2018.

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