{"data":{"id":"us-mt/72-31-340","jurisdiction":"us-mt","citation":"72-31-340","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:\n(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;\n(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;\n(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;\n(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;\n(5) manage or conserve tangible personal property or an interest in tangible personal property on behalf of the principal, including:\n(a) insuring against liability or casualty or other loss;\n(b) obtaining or regaining possession or protecting the property or interest, by litigation or otherwise;\n(c) paying, assessing, compromising, or contesting taxes or assessments or applying 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":["TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS","CHAPTER 31. MISCELLANEOUS PROVISIONS RELATING TO FIDUCIARIES","Part 3. Uniform Power of Attorney Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0720/chapter_0310/part_0030/section_0400/0720-0310-0030-0400.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:59:25Z","sha256":"a9b7dcc0995f944464d1d0dcdae0356821e6cb4f99cf784e064f9a73d5769bb1","source_id":"us-mt","stale":false,"prev":"us-mt/72-31-339","next":"us-mt/72-31-341"},"notice":"GroundRules: Original legal text. Not legal advice."}