New Mexico Statutory Power of Attorney
New Mexico Statutory Power of Attorney
I. Appointment and Authority of Agent
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Name], residing at [Agent's Address], as my lawful attorney-in-fact to act on my behalf in financial matters, as permitted under the laws of the State of New Mexico.
II. Roles and Responsibilities
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Banking Transactions: The agent is authorized to conduct banking transactions on my behalf, including but not limited to, depositing and withdrawing funds, transferring money between accounts, and endorsing checks or other instruments for deposit.
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Bill Payments: The agent is empowered to pay bills and obligations on my behalf, including utilities, mortgages, insurance premiums, and other recurring expenses necessary for the maintenance of my affairs.
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Investment Management: The agent is granted the authority to manage my investments, including buying, selling, exchanging, and otherwise dealing with stocks, bonds, mutual funds, real estate investment trusts (REITs), and other investment vehicles.
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Financial Matters: The agent may handle any other financial matters necessary for the proper management of my affairs, including the signing of documents, obtaining loans or credit, and engaging in financial transactions on my behalf.
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Record Keeping: The agent shall maintain accurate records of all transactions conducted on my behalf and provide periodic reports as requested or required.
III. Duration and Revocation
This Power of Attorney shall become effective immediately and shall remain in full force and effect until revoked by me in writing or until my death. I reserve the right to revoke or modify this Power of Attorney at any time, provided such revocation or modification is communicated to the agent in writing.
IV. Governing Law
This Power of Attorney shall be governed by and construed under the laws of the State of New Mexico.
Agreed and signed by [Your Name], the Principal.
[DATE]
[AGENT'S NAME]
[DATE]
Witness Acknowledgement
We, the undersigned witnesses, hereby acknowledge that the foregoing New Mexico Statutory Power of Attorney was signed and executed by [Your Name] in our presence and that [Your Name] appeared to us to be of sound mind and under no duress or undue influence.
Witness 1:
[WITNESS 1 FULL NAME]
[DATE]
Witness 2:
[WITNESS 2 FULL NAME]
[DATE]
Notary Acknowledgement
State of New Mexico
County of [County]
On this day of , 20, before me, a Notary Public in and for said county and state, personally appeared [Your Name], known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
