{"data":{"id":"us-ky/krs-457.280","jurisdiction":"us-ky","citation":"KRS 457.280","heading":"Tangible personal property.","body":"Unless the power of attorney otherwise provides, language in a power of attorney granting\ngeneral authority with respect to tangible personal property authorizes the agent to:\n(1) Demand, buy, receive, accept as a gift or as security for an extension of cr edit, or\notherwise acquire or reject ownership or possession of tangible personal property or\nan interest in tangible personal property;\n(2) Sell; exchange; convey with or without covenants, representations, or warranties;\nquitclaim; release; surrender; create a security interest in; grant options concerning;\nlease; sublease; or, otherwise dispose of tangible personal property or an interest in\ntangible personal property;\n(3) Grant a security interest in tangible personal property or an interest in tangible\npersonal property as security to borrow money or pay, renew, or extend the time of\npayment of a debt of the principal or a debt guaranteed by the principal;\n(4) Release, assign, satisfy, or enforce by litigation or otherwise, a security interest,\nlien, or  other claim on behalf of the principal, with respect to tangible personal\nproperty or an interest in tangible personal property;\n(5) Manage or conserve tangible personal property or an interest in tangible personal\nproperty on behalf of the principal, including:\n(a) Insuring against liability or casualty or other loss;\n(b) Obtaining or regaining possession of or protecting the property or interest, by\nlitigation or otherwise;\n(c) Paying, assessing, compromising, or contesting taxes or assessments or\napplying for and receiving refunds in connection with taxes or assessments;\n(d) Moving the property from place to place;\n(e) Storing the property for hire or on a gratuitous bailment; and\n(f) Using and making repairs, alterations, or improvements to the property; and\n(6) Change the form of title of an interest in tangible personal property.","path":["KRS Chapter 457"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50158","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:59Z","sha256":"afe9a3e613dfd5887a5925b9bb9b4a32e210c1b3ef54b7c98cc14ea5840b30c2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-457.270","next":"us-ky/krs-457.290"},"notice":"GroundRules: Original legal text. Not legal advice."}