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- Title 2. Estates of Decedents; Durable Powers of Attorney
- Subtitle P. Durable Powers of Attorney
- Chapter 752. Statutory Durable Power of Attorney
- Subchapter C. Construction of Powers Related to Statutory Durable Power of Attorney
Tex. Estates § 752.103 - Tangible Personal Property Transactions
Cite as | Tex. Estates § 752.103 |
The language conferring general authority with respect to tangible personal property transactions in a statutory durable power of attorney empowers the attorney in fact or agent to:
(1) accept tangible personal property or an interest in tangible personal property as a gift or as security for a loan or reject, demand, buy, receive, or otherwise acquire ownership or possession of tangible personal property or an interest in tangible personal property;
(2) sell, exchange, convey with or without covenants, release, surrender, mortgage, encumber, pledge, create a security interest in, pawn, grant options concerning, lease or sublet to others, or otherwise dispose of tangible personal property or an interest in tangible personal property;
(3) release, assign, satisfy, or enforce by litigation, action, or otherwise a mortgage, security interest, encumbrance, lien, or other claim on behalf of the principal, with respect to tangible personal property or an interest in tangible personal property; and
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