{"data":{"id":"us-me/18-c-m.r.s.-5-935","jurisdiction":"us-me","citation":"18-C M.R.S. §5-935","heading":"Tangible personal property","body":"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:\n1.  Acquire or reject interest in tangible personal property.  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;\n2.  Grant or otherwise dispose of interest in tangible personal property.  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;\n3.  Security interest in tangible personal property.  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;\n4.  Claim to tangible personal property.  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; and\n5.  Manage or conserve tangible personal property.  Manage or conserve tangible personal property or an interest in tangible personal property on behalf of the principal, including:\nA.  Insuring against liability or casualty or other loss;\nB.  Obtaining or regaining possession of or protecting the property or interest by litigation or otherwise;\nC.  Paying, assessing, compromising or contesting taxes or assessments or applying for and receiving refunds in connection with them;\nD.  Moving the property from place to place;\nE.  Storing the property for hire or on a gratuitous bailment;\nF.  Using and making repairs, alterations or improvements to the property; and\nG.  Changing the form of title of an interest in tangible personal property.","path":["TITLE 18-C: PROBATE CODE","PART 9: MAINE UNIFORM POWER OF ATTORNEY ACT"],"source_url":"https://legislature.maine.gov/statutes/18-C/title18-Csec5-935.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:29Z","sha256":"1f36fd3ab39e86969b9fd4d4ff2076f36d4d0f58baa3bd89b81004d79069f757","source_id":"us-me","stale":false,"prev":"us-me/18-c-m.r.s.-5-934","next":"us-me/18-c-m.r.s.-5-936"},"notice":"GroundRules: Original legal text. Not legal advice."}