What does the “Can edit” folder permission allow contacts to do?

Contacts with "Can edit" folder permissions have exactly the same permissions as the owner of the folder, including:

• edit folder name
• view "Sharing" section and edit permissions
• share folder
• remove folder
• add new plans/files 
• supersede existing plans/files
• view plans/files
• edit the description of plans/files
• remove plans/files
• add a note to a plan/file
• share a plan/file
• create a document summary report for a folder