New Mexico § 45-5B-204 - Real property

§ 45-5B-204. Real property

Unless the power of attorney otherwise provides, language in a power of attorney granting

general authority with respect to real property authorizes the agent to: A. demand, buy, lease, receive, accept as a gift or as security for an extension of

credit or otherwise acquire or reject an interest in real property or a right incident

to real property; B. sell, exchange, convey with or without covenants, representations or warranties,

quitclaim, release, surrender, retain title for security, encumber, partition, consent

to partitioning, subject to an easement or covenant, subdivide, apply for zoning or

other governmental permits, plat or consent to platting, develop, grant an option

concerning, lease, sublease, contribute to an entity in exchange for an interest in

that entity or otherwise grant or dispose of an interest in real property or a right

incident to real property; C. pledge or mortgage an interest in real property or a right incident to real property

as security to borrow money or pay, renew or extend the time of payment of a debt

of the principal or a debt guaranteed by the principal; D. release, assign, satisfy or enforce by litigation or otherwise a mortgage, deed

of trust, conditional sale contract, encumbrance, lien or other claim to real property

that exists or is asserted; E. manage or conserve an interest in real property or a right incident to real property

owned or claimed to be owned by the principal, including: (1) insuring against liability or casualty or other loss; (2) obtaining or regaining possession of or protecting the interest or right by litigation

or otherwise; (3) paying, assessing, compromising or contesting taxes or assessments or applying

for and receiving refunds in connection with taxes or assessments; and (4) purchasing supplies, hiring assistance or labor and making repairs or alterations

to the real property; F. use, develop, alter, replace, remove, erect or install structures or other improvements

upon real property in or incident to which the principal has, or claims to have, an

interest or right; G. participate in a reorganization with respect to real property or an entity that

owns an interest in real property or a right incident to real property and receive,

hold and act with respect to stocks and bonds or other property received in a plan

of reorganization, including: (1) selling or otherwise disposing of them; (2) exercising or selling an option, right of conversion or similar right with respect

to them; and (3) exercising any voting rights in person or by proxy; H. change the form of title of an interest in real property or a right incident to

real property; and I. dedicate to public use, with or without consideration, easements or other real

property in which the principal has, or claims to have, an interest.