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Idaho Code § 15-12-205

Tangible personal property

Known as the Uniform Power of Attorney Act

The act spans §§ 15-12-101 to 15-12-403 (45 sections).

I.C., § 15-12 -205, as added by 2008, ch. 186, § 2, p. 571.

Unless a 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 in order 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: Insuring against liability, or casualty or other loss;

(6) Obtaining or regaining possession of or protecting the property or interest, by litigation or otherwise;

(7) Paying, assessing, compromising or contesting taxes or assessments or applying for and receiving refunds in connection with taxes or assessments;

(8) Moving the property from place to place;

(9) Storing the property for hire or on a gratuitous bailment; and

(10) Using and making repairs, alterations or improvements to the property; and

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

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.