Limited Power of Attorney for Stock Transactions and Corporate Powers - New Mexico 2025

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Choosing between durable and general depends on what you need for the future. We suggest talking to an estate planning lawyer to see which one is right for you. In short, durable powers of attorney give better protection if someone cant make decisions and keep decision-making going.
The POA must be signed in the presence of a notary public to be valid. New Mexico law does not require a POA to be witnessed, but witnesses may strengthen the validity of the document if it is challenged.
In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical.
In connection with the transfer of a certificate or instrument, a Stock Power or Allonge acts as a power of attorney, in each case appointing an agent to the transfer on the companys books or on behalf of the transferor or assignor. Each will also be signed by the transferor or assignor, often done under seal.
A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.
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Statutory form power of attorney. This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal).
In New Mexico, you can establish four types of power of attorney documents with an estate law attorney: General, Limited, Durable, and Springing. Our Albuquerque estate planning attorneys are experts in the legal power of attorney documents and can help you understand the purpose of each one.

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