Title 75 - Utah Uniform Probate Code - Chapter 9 - Uniform Power of Attorney Act - Part 2 - Authority - Section 205 - Tangible personal property.


Published: 2016-05-10

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Utah Code

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Effective 5/10/2016 75-9-205 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, 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.

Enacted by Chapter 256, 2016 General Session