California Probate Code

§ 4452

PROB § 4452 Effective Jan 1, 1995Div. 4.5 · Part 3 · Ch. 2

Statute text

In a statutory form power of attorney, the language granting power with respect to tangible personal property transactions empowers the agent to do all of the following:

(a)Accept as a gift or as security for a loan, reject, demand, buy, receive, or otherwise acquire ownership or possession of tangible personal property or an interest in tangible personal property.

(b)Sell, exchange, convey with or without covenants, release, surrender, mortgage, encumber, pledge, hypothecate, create a security interest in, pawn, grant options concerning, lease, sublease to others, or otherwise dispose of tangible personal property or an interest in tangible personal property.

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Legislative history

Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.