{"data":{"id":"us-vt/14-v.s.a.-4035","jurisdiction":"us-vt","citation":"14 V.S.A. § 4035","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, or 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 of 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 14: Decedents Estates and Fiduciary Relations","Chapter 127: Vermont Uniform Power of Attorney Act","Subchapter 002: AUTHORITY"],"source_url":"https://legislature.vermont.gov/statutes/section/14/127/04035","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:16:59Z","sha256":"5c1ab203b6fe5ea08ef581d9d50c1f70805b06b378af070fb58cf2d919221bfd","source_id":"us-vt","stale":false,"prev":"us-vt/14-v.s.a.-4034","next":"us-vt/14-v.s.a.-4036"},"notice":"GroundRules: Original legal text. Not legal advice."}