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2019 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11A - Leasing of Safe Deposit Facilities
Section 58-11A-2 - Effect of lessee's death or incapacity.
Universal Citation: NM Stat § 58-11A-2 (2019)
Unless otherwise provided in a written agreement, where a lessor, without knowledge of the death of or an adjudication of incapacity of the lessee, deals with his agent pursuant to a written power of attorney signed by the lessee, the transaction binds the lessee's estate and the lessee.
History: Laws 1991, ch. 51, § 22.
ANNOTATIONSCross references. — For proof of valid power of attorney, see 45-5-502 NMSA 1978.
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