New Mexico Revocation of Power of Attorney Form
The New Mexico Revocation of Power of Attorney is a document that establishes the required legal conditions for a Principal to discontinue a Power of Attorney they seek to end. The Principal should ensure they are familiar with the legal requirements that must be met to completely terminate a Power of Attorney and the Agent’s respective powers. Namely, as § 45-5B-110 states, an Agent will not be held liable for any acts they perform once the Power of Attorney is terminated if they do not possess “actual knowledge of the termination.” For this reason, it is vital that in addition to enacting this form, the Principal makes the revocation known to the Agent.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney Act
Signing Requirements (§ 45-5B-105) – It is a requirement that a Power of Attorney is signed by the Principal before a Notary Public or another individual who is authorized by law to take acknowledgments. Another individual can sign on the Principal’s behalf in their conscious presence, as long as the Principal directs them to do so.