NRS 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:

(a)

Sell;

(b)

Exchange;

(c)

Convey with or without covenants, representations or warranties;

(d)

Quitclaim;

(e)

Release;

(f)

Surrender;

(g)

Create a security interest in;

(h)

Grant options concerning;

(i)

Lease;

(j)

Sublease; or

(k)

Otherwise dispose of,
Ê 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; and

6.

The agent to change the form of title of an interest in tangible personal property.

Source: Section 162A.490 — Tangible personal property., https://www.­leg.­state.­nv.­us/NRS/NRS-162A.­html#NRS162ASec490.

Last Updated

Feb. 5, 2021

§ 162A.490’s source at nv​.us