A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
History: 1978 Comp., § 45-6-304, enacted by Laws 1992, ch. 66, § 40.
Structure New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 6 - Nonprobate Transfers
Part 3 - TOD SECURITY REGISTRATION
Section 45-6-301 - Definitions.
Section 45-6-302 - Registration in beneficiary form; sole or joint tenancy ownership.
Section 45-6-303 - Registration in beneficiary form; applicable law.
Section 45-6-304 - Origination of registration in beneficiary form.
Section 45-6-305 - Form of registration in beneficiary form.
Section 45-6-306 - Effect of registration in beneficiary form.
Section 45-6-307 - Ownership of [on] death of owner.
Section 45-6-308 - Protection of registering entity.
Section 45-6-309 - Nontestamentary transfer on death.
Section 45-6-310 - Terms, conditions and forms for registration.