N.M. Stat. § 45-5B-118

Current through 2024, ch. 69

Section 45-5B-118 - Agent's resignation; notice

Unless the power of attorney provides a different method for an agent's resignation, an agent may resign by giving notice to the principal and, if the principal is incapacitated:

(1) to the conservator or guardian, if one has been appointed for the principal, and a co-agent or successor agent; or

(2) if there is no person described in Paragraph (1) of this subsection, to:

(a) the principal's caregiver;

(b) another person reasonably believed by the agent to have sufficient interest in the principal's welfare; or

(c) a governmental agency having authority to protect the welfare of the principal.

NMS § 45-5B-118

Laws 2007, ch. 135, § 118; 1978 Comp., § 46B-1-118 recompiled as § 45-5B-118 by Laws 2011, ch. 124, § 102.

1978 Comp., §§ 46B-1-101 to § 46B-1-403 were recompiled as §§ 45-5B-101 to § 45-5B-403 by Laws 2011, ch. 124, § 102.