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The New Mexico Limited (Special) Power of Attorney furnishes a personalized agreement to issue defined rights from one person to another temporarily. The flexibility of utilizing this particular form allows the declaring individual to state the precise controls granted to the attorney-in-fact on an as-needed basis. The wording of the commitment is entirely up to the principal party, approving a tailor-made contract to permit actions as determined by the need. It is advised to consult with an attorney before signing to ensure the recorded language delivers the enabled agency as desired.

Laws

Statute – New Mexico Statutes – Uniform Power of Attorney Act (§ 45-5B-101 – 45-5B-403)

Definitions – “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used (§ 45-5B-102(G)).

Signing Requirements – A notary professional must be available to secure the competence and capacity of all participants in addition to overseeing the endorsements captured within the paperwork (§ 45-5B-105).

Revocation – § 45-5B-110