Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 10 - Savings and Loan Associations, 58-10-1 through 58-10-111. > Section 58-10-106 - Effect of lessee's death or incapacity.

Section 58-10-106 - Effect of lessee's death or incapacity.

58-10-106. Effect of lessee's death or incapacity.

When a lessor, without knowledge of a lessee's death or of an adjudication of his incapacity, deals with a lessee's agent pursuant to a written power of attorney signed by the lessee, the transaction binds the lessee's estate and the lessee.