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

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. History: 1953 Comp., § 48-22-12, enacted by Laws 1963, ch. 305, § 12; 1975, ch. 257, § 8-123. ANNOTATIONSCross references. — For proof of valid power of attorney, see 45-5-502 NMSA 1978. For the Uniform Statutory Power of Attorney Act, see 45-5-601 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 472, 473, 476, 484.