New Mexico § 45-5B-115 - Exoneration of agent
Full text of New Mexico New Mexico Statutes Annotated § 45-5B-115 — Exoneration of agent, with citation guidance and answers to common questions.
§ 45-5B-115. Exoneration of agent
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.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-5B-115
What does New Mexico Statutes Annotated § 45-5B-115 cover?
Section 45-5B-115 ("Exoneration of agent") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 45-5B-115?
A common citation format is "New Mexico Statutes Annotated § 45-5B-115" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 45-5B-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.