I would say it goes without saying that its available to your character. Because if you think abotu the Elder Scrolls games, there isnt much difference between the player and NPC's. they operate the same way, can hold the same weapons, can own the same items, and wear the same clothes. everything we see these draugrs holding, can be held by the player, thus i would suspect that they would beheld in the same way.
U also have to think how the new two hand equip combat system came into play...thats prolly how they got the mindset to have several items on u at one time...it makes sence wen u think about it