New Mexico Statutes
Article 6 - Nonprobate Transfers
Part 2 - MULTIPLE-PERSON ACCOUNTS

Subpart 1 - Definitions And General Provisions

Section 45-6-201 - Definitions. - As used in Sections 45-6-201 through 45-6-227 NMSA 1978: A....

Section 45-6-202 - Limitation on scope. - Sections 45-6-201 through 45-6-227 NMSA 1978 do not apply to:...

Section 45-6-203 - Types of account; existing accounts. - A. An account may be for a single party or...

Section 45-6-204 - Forms. - A. A contract of deposit that contains provisions in substantially...

Section 45-6-205 - Designation of agent. - A. By a writing signed by all parties, the parties...

Section 45-6-206 - Applicability. - The provisions of Sections 45-6-211 through 45-6-216 NMSA 1978 concerning...

Subpart 2 - Ownership As Between PartiesAnd Others

Section 45-6-211 - Ownership during lifetime. - A. As used in this section, "net contribution" of a...

Section 45-6-212 - Rights at death. - A. Except as otherwise provided in this part, on death...

Section 45-6-213 - Alteration of rights. - A. Rights at death under Section 45-6-212 NMSA 1978 are...

Section 45-6-214 - Accounts and transfers nontestamentary. - Except as a consequence of, and to the extent directed...

Section 45-6-215 - Repealed. - History: 1978 Comp., § 45-6-215, enacted by Laws 1992, ch....

Section 45-6-216 - Community property. - A. A deposit of community property in an account does...

Subpart 3 - Protection Of Financial Institutions

Section 45-6-221 - Authority of financial institution. - A financial institution may enter into a contract of deposit...

Section 45-6-222 - Payment on multiple-party account. - A financial institution, on request, may pay sums on deposit...

Section 45-6-223 - Payment on POD designation. - A financial institution, on request, may pay sums on deposit...

Section 45-6-224 - Payment to designated agent. - A financial institution, on request of an agent under an...

Section 45-6-225 - Payment to minor. - If a financial institution is required or permitted to make...

Section 45-6-226 - Discharge. - A. Payment made pursuant to Sections 45-6-201 through 45-6-227 NMSA...

Section 45-6-227 - Set-off. - Without qualifying any other statutory right to set-off or lien...