There is a newer version of this Section
2017 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 5B - Uniform Power of Attorney
Section 45-5B-115 - Exoneration of agent.
Universal Citation: NM Stat § 45-5B-115 (2017)
45-5B-115. Exoneration of agent.
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision:
A. relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the purposes of the power of attorney or the best interest of the principal; or
B. was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.
History: Laws 2007, ch. 135, 115; 1978 Comp., 46B-1-115 recompiled as 45-5B-115 by Laws 2011, ch. 124, 102.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.