New Mexico Limited (Special) Power of Attorney Form
The New Mexico Limited (Special) Power of Attorney is recognized for being a specific-purpose legal form. In other words, this Power of Attorney should be used by anyone who seeks to make a written record of an understanding they have with another party who has agreed to take on one or more tasks of a specific nature for them. Both parties who enter into this legally-binding relationship are referred to in state law by particular terms. That is, in line with § 45-5B-102, the individual who enacts a Limited Power of Attorney is known as the Principal, whereas the party who has been granted authority to perform tasks on the Principal’s behalf is known as their Agent or Attorney-in-Fact.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney Act
Signing Requirements (§ 45-5B-105) – Under state Power of Attorney laws, a Notary Public or an authorized individual must sight the Principal’s signature on the Limited (Special) POA, otherwise it will fail to be lawfully executed.