Taking possession means they have to hold it.

Think if I had a shiny new coin in my hand and you wanted to take it then either your or your proxy would have to hold it even temporarily.

I am intentionally being overly literal on definitions and processes

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Taking possession does not mean they need to own it, which is what "hold" typically means.

I know you are. So am I.

Merriam-Webster's Dictionary

Hold (verb) to have possession or ownership of or have at one's disposal

I like the cut of your jib Matt