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,
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.
(Added to NRS by 2009, 185)