Tangible Personal Property

  1. Law
  2. Georgia Code
  3. Commerce and Trade
  4. Georgia Power of Attorney
  5. Authority of Agent
  6. Tangible Personal Property

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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to tangible personal property shall authorize 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:
    1. Insuring against liability or casualty or other loss;
    2. Obtaining or regaining possession of or protecting the property or interest, by litigation or otherwise;
    3. Paying, assessing, compromising, or contesting taxes or assessments or applying for and receiving refunds in connection with such taxes or assessments;
    4. Moving the property from place to place;
    5. Storing the property for hire or on a gratuitous bailment; and
    6. Using and making repairs, alterations, or improvements to the property; and
  6. Change the form of title of an interest in tangible personal property.

(Code 1981, §10-6B-44, enacted by Ga. L. 2017, p. 435, § 2-1/HB 221.)


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