(8) to prosecute, defend, submit to arbitration, settle, and propose or accept a compromise with respect
to any claim existing in favor of or against the principal based on or involving any tangible personal property
transaction or to intervene in any action or proceeding relating to such a claim;
(9) to hire, discharge, and compensate any attorney, accountant, expert witness, or other assistant when
the attorney-in-fact deems that action to be desirable for the proper execution by the attorney-in-fact of any
of the powers described in this subdivision, and for the keeping of needed records; and
(10) in general, and in addition to all the specific acts listed in this subdivision, to do any other acts with
respect to any tangible personal property or interest in any tangible personal property.
All powers described in this subdivision are exercisable equally with respect to any tangible personal
property or interest in any tangible personal property owned by the principal at the giving of the power of
attorney or acquired after that time, and whether located in the state of Minnesota or elsewhere.
Subd. 3. Bond, share, and commodity transactions. In a statutory short form power of attorney, the
language conferring general authority with respect to bond, share, and commodity transactions means that
the principal authorizes the attorney-in-fact:
(1) to accept as a gift or as security for a loan, reject, demand, buy, receive, or otherwise to acquire either
ownership or possession of any bond, share, instrument of similar character, commodity interest, or any
instrument with respect to the bond, share, or interest, together with the interest, dividends, proceeds, or
other distributions connected with any of those instruments;
(2) to sell or sell short and to exchange, transfer either with or without a guaranty, release, surrender,
hypothecate, pledge, grant options concerning, loan, trade in, or otherwise to dispose of any bond, share,
instrument of similar character, commodity interest, or any instrument with respect to the bond, share, or
interest;
(3) to release in whole or in part, assign the whole or a part of, satisfy in whole or in part, and enforce
by action, proceeding or otherwise, any pledge, encumbrance, lien, or other claim as to any bond, share,
instrument of similar character, commodity interest or any interest with respect to the bond, share, or interest,
when the pledge, encumbrance, lien, or other claim is owned, or claimed to be owned, by the principal;
(4) to do any act of management or of conservation with respect to any bond, share, instrument of similar
character, commodity interest or any instrument with respect thereto, owned or claimed to be owned by the
principal or in which the principal has or claims to have an interest, including by way of illustration but not
of restriction, power to insure against any casualty, liability, or loss, to obtain or regain possession or protect
the principal's interest therein by action, proceeding or otherwise, to pay, compromise or contest taxes or
assessments, to apply for and receive refunds in connection with taxes or assessments, to consent to and
participate in any reorganization, recapitalization, liquidation, merger, consolidation, sale or lease, or other
change in or revival of a corporation or other association, or in the financial structure of any corporation or
other association, or in the priorities, voting rights, or other special rights with respect to the corporation or
association, to become a depositor with any protective, reorganization, or similar committee of the bond,
share, other instrument of similar character, commodity interest, or any instrument with respect to the bond,
share, or interest, belonging to the principal, to make any payments reasonably incident to the foregoing, to
exercise or sell any option, conversion, or similar right, to vote in person or by the granting of a proxy with
or without the power of substitution, either discretionary, general or otherwise, for the accomplishment of
any of the purposes enumerated in this subdivision;
Official Publication of the State of Minnesota
Revisor of Statutes
523.24MINNESOTA STATUTES 202317