(a) 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:
(1) Demand, buy, receive or 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 West Virginia Code
Chapter 39B. Uniform Power of Attorney Act
§39B-2-101. Authority That Requires Specific Grant; Grant of General Authority
§39B-2-102. Incorporation of Authority
§39B-2-103. Construction of Authority Generally
§39B-2-105. Tangible Personal Property
§39B-2-107. Commodities and Options
§39B-2-108. Banks and Other Financial Institutions
§39B-2-109. Operation of Entity or Business
§39B-2-110. Insurance and Annuities
§39B-2-111. Estates, Trusts and Other Beneficial Interests
§39B-2-112. Claims and Litigation
§39B-2-113. Personal and Family Maintenance
§39B-2-114. Benefits From Governmental Programs or Civil or Military Service