                                 CODE OF VIRGINIA

TANGIBLE PERSONAL PROPERTY (§ 64.2-1626)

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 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. Change the form of title of an interest in tangible personal property.

HISTORY: 2010, cc. 455, 632, § 26-99; 2012, c. 614.