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

1. 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. 2. The agent to:

   1. (a) Sell;
   2. (b) Exchange;
   3. (c) Convey with or without covenants, representations or warranties;
   4. (d) Quitclaim;
   5. (e) Release;
   6. (f) Surrender;
   7. (g) Create a security interest in;
   8. (h) Grant options concerning;
   9. (i) Lease;
   10. (j) Sublease; or

   11. (k) Otherwise dispose of,

       tangible personal property or an interest in tangible personal property;

3. 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. 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. 5. The agent to manage or conserve tangible personal property or an interest in tangible personal property on behalf of the principal, including:

   1. (a) Insuring against liability or casualty or other loss;
   2. (b) Obtaining or regaining possession of or protecting the property or interest, by litigation or otherwise;
   3. (c) Paying, assessing, compromising or contesting taxes or assessments, or applying for and receiving refunds in connection with taxes or assessments;
   4. (d) Moving the property from place to place;
   5. (e) Storing the property for hire or on a gratuitous bailment; and
   6. (f) Using and making repairs, alterations or improvements to the property; and
6. 6. The agent to change the form of title of an interest in tangible personal property.

(Added to NRS by 2009, 185)