A lessor may lease a safe deposit box and in connection therewith deal with a minor with the same effect as if leasing to and dealing with a person of full legal capacity.
History: Laws 1991, ch. 51, § 23.
Cross references. — For the age of majority, see 28-6-1 NMSA 1978.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11A - Leasing of Safe Deposit Facilities
Section 58-11A-1 - Authority to engage in leasing safe deposit facilities; subsidiary company.
Section 58-11A-2 - Effect of lessee's death or incapacity.
Section 58-11A-3 - Lease to minor.
Section 58-11A-4 - Search procedure upon death of lessee.
Section 58-11A-5 - Adverse claims to contents of a safe deposit box.