2006 New Mexico Statutes - 45-5-617 — Existing interests; foreign interest; other powers of attorney.

45-5-617. Existing interests; foreign interest; other powers of attorney.

The powers described in Sections 45-5-601 through 45-5-616 NMSA 1978 are exercisable equally with respect to an interest the principal has when the power of attorney is executed or acquires later, whether or not the property is located in New Mexico, and whether or not the powers are exercised or the power of attorney is executed in New Mexico. Existing statutory form powers of attorney, valid under existing New Mexico law, remain valid.  Nothing in the Uniform Statutory Form Power of Attorney Act [ 45-5-601 to 45-5-617 NMSA 1978] prohibits the use of any other form for a power of attorney. A power of attorney executed in another jurisdiction, which is in compliance with the law of that jurisdiction or with the law of New Mexico, is valid in New Mexico to the extent the document is not inconsistent with the public policy of New Mexico.