Nevada § 162A.490 - Tangible personal property
Full text of Nevada Nevada Revised Statutes § 162A.490 — Tangible personal property, with citation guidance and answers to common questions.
§ 162A.490. Tangible personal property
Unless the power of attorney otherwise provides, language in a power of attorney granting
general authority with respect to tangible personal property authorizes: 1. The agent to 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. The agent to: (a) Sell; (b) Exchange; (c) Convey with or without covenants, representations or warranties; (d) Quitclaim; (e) Release; (f) Surrender; (g) Create a security interest in; (h) Grant options concerning; (i) Lease; (j) Sublease; or (k) Otherwise dispose of, tangible personal property or an interest in tangible personal property; 3. The agent to 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; 4. The agent to 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. The agent to manage or conserve tangible personal property or an interest in tangible
personal property on behalf of the principal, including: (a) Insuring against liability or casualty or other loss; (b) Obtaining or regaining possession of or protecting the property or interest, by
litigation or otherwise; (c) Paying, assessing, compromising or contesting taxes or assessments, or applying
for and receiving refunds in connection with taxes or assessments; (d) Moving the property from place to place; (e) Storing the property for hire or on a gratuitous bailment; and (f) Using and making repairs, alterations or improvements to the property; and 6. The agent to change the form of title of an interest in tangible personal property.
Frequently Asked Questions About Nevada § 162A.490
What does Nevada Revised Statutes § 162A.490 cover?
Section 162A.490 ("Tangible personal property") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 162A.490?
A common citation format is "Nevada Revised Statutes § 162A.490" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 162A.490 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.