Unless the personal power of attorney otherwise provides, language in a personal 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 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:
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) Change the form of title of an interest in tangible personal property.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 49A. DURABLE PERSONAL POWERS OF ATTORNEY ACT
§ 49A-201. Grant of general authority; authority that requires specific grant.
§ 49A-202. Incorporation of authority.
§ 49A-203. Construction of authority generally.
§ 49A-205. Tangible personal property.
§ 49A-207. Commodities and options.
§ 49A-208. Banks and other financial institutions.
§ 49A-209. Operation of entity or business.
§ 49A-210. Insurance and annuities.
§ 49A-211. Estates, trusts, and other beneficial interests.
§ 49A-212. Claims and litigation.
§ 49A-213. Personal and family maintenance.
§ 49A-214. Benefits from governmental programs or civil or military service.