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New Mexico Statutes Chapter 45. Uniform Probate Code § 45-5B-115. Exoneration of agent

Current as of January 01, 2024 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 45. Uniform Probate Code § 45-5B-115. Exoneration of agent - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-45-uniform-probate-code/nm-st-sect-45-5b-115/

Read this complete New Mexico Statutes Chapter 45. Uniform Probate Code § 45-5B-115. Exoneration of agent on Westlaw. Westlaw subscription required.

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