New Mexico Statutes

§ 58-1-12 — Effect of lessee's death or incapacity

New Mexico·Ch. 58 Financial Institutions and Regulations·Art. 1 Banking Generally
Where a lessor, without knowledge of the death or of an adjudication of incapacity of the lessee, deals with his agent pursuant to a written power of attorney signed by such lessee, the transaction binds the lessee's estate and the lessee.

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Legislative History

1953 Comp., § 48-22-12, enacted by Laws 1963, ch. 305, § 12; 1975, ch. 257,

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