New Mexico § 45-5B-118 Agent's resignation; notice

New Mexico Statutes

§ 45-5B-118 — Agent's resignation; notice

New Mexico § 45-5B-118

Ch. 45Uniform Probate Code

Art. 5BUniform Power of Attorney

This text of New Mexico § 45-5B-118 (Agent's resignation; notice) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 45-5B-118 (2026).

Text

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.

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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.