Agent's liability.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Uniform Power of Attorney
  5. Part 1
  6. Agent's liability.

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An agent that violates the Uniform Power of Attorney Act is liable to the principal or the principal's successors in interest for the amount required to:

A. restore the value of the principal's property to what it would have been had the violation not occurred; and

B. reimburse the principal or the principal's successors in interest for the attorney fees and costs paid on the agent's behalf.

History: Laws 2007, ch. 135, § 117; 1978 Comp., § 46B-1-117 recompiled as § 45-5B-117 by Laws 2011, ch. 124, § 102.

ANNOTATIONS

Recompilations. — Laws 2011, ch. 124, § 102 recompiled former 46B-1-117 NMSA 1978 as 45-5B-117 NMSA 1978, effective January 1, 2012.


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