reglab/housing_qa huggingface dataset:
NM Stat § 45-6-107 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-107 - Repealed.

History: 1953 Comp., § 32A-6-107, enacted by Laws 1975, ch. 257, § 6-107.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-107 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-107, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-108 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-108 - Repealed.

History: 1953 Comp., § 32A-6-108, enacted by Laws 1975, ch. 257, § 6-108.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-108 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-108, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-109 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-109 - Repealed.

History: 1953 Comp., § 32A-6-109, enacted by Laws 1975, ch. 257, § 6-109.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-109 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-109, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-110 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-110 - Repealed.

History: 1953 Comp., § 32A-6-110, enacted by Laws 1975, ch. 257, § 6-110.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-110 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-110, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-111 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-111 - Repealed.

History: 1953 Comp., § 32A-6-111, enacted by Laws 1975, ch. 257, § 6-111.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-111 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-111, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-112 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-112 - Repealed.

History: 1953 Comp., § 32A-6-112, enacted by Laws 1975, ch. 257, § 6-112.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-112 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-112, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-113 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 1 - PROVISIONS RELATING TO EFFECT OF DEATH|Section 45-6-113 - Repealed.

History: 1953 Comp., § 32A-6-113, enacted by Laws 1975, ch. 257, § 6-113.ANNOTATIONSRepeals. — Laws 1992, ch. 66, § 71 repealed 45-6-113 NMSA 1978, as enacted by Laws 1975, ch. 257, § 6-113, relating to multiple-party accounts, effective July 1, 1992. For provisions of former section, see the 1991 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 45-6-201 to 45-6-227 NMSA 1978.
NM Stat § 45-6-301 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-301 - Definitions.

As used in Sections 45-6-301 through 45-6-311 NMSA 1978: A. "beneficiary form" means a registration of a security that indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner; B. "register", including its derivatives, means to issue a certificate showing the ownership of a certificated security or, in the case of an uncertificated security, to initiate or transfer an account showing ownership of securities; C. "registering entity" means a person who originates or transfers a security title by registration, and includes a broker maintaining security accounts for customers and a transfer agent or other person acting for or as an issuer of securities; D. "security" means a share, participation or other interest in property, in a business or in an obligation of an enterprise or other issuer, and includes a certificated security, an uncertificated security and a security account; and E. "security account" means: (1) a reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings or dividends earned or declared on a security in an account, a reinvestment account or a brokerage account, whether or not credited to the account before the owner's death; (2) a cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death; or (3) a natural person's investment, management or custody account with a trust company or bank with trust powers, including securities in the account, a cash balance in the account and cash, cash equivalents, interest, earnings or dividends earned or declared on a security in the account, whether or not credited to the account before the owner's death. Nothing in this paragraph affects interests in real property. History: 1978 Comp., § 45-6-301, enacted by Laws 1992, ch. 66, § 37; 2008, ch. 8, § 1. ANNOTATIONSThe 2008 amendment, effective May 14, 2008, added Paragraph (3) of Subsection E.
NM Stat § 45-6-302 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-302 - Registration in beneficiary form; sole or joint tenancy ownership.

Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, as tenants by the entireties or as owners of community property held in survivorship form, and not as tenants in common. History: 1978 Comp., § 45-6-302, enacted by Laws 1992, ch. 66, § 38.
NM Stat § 45-6-303 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-303 - Registration in beneficiary form; applicable law.

A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its office making the registration or by this or a similar statute of the law of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law. History: 1978 Comp., § 45-6-303, enacted by Laws 1992, ch. 66, § 39.
NM Stat § 45-6-304 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-304 - Origination of registration in beneficiary form.

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.
NM Stat § 45-6-305 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-305 - Form of registration in beneficiary form.

Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary. History: 1978 Comp., § 45-6-305, enacted by Laws 1992, ch. 66, § 41.
NM Stat § 45-6-306 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-306 - Effect of registration in beneficiary form.

The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary. History: 1978 Comp., § 45-6-306, enacted by Laws 1992, ch. 66, § 42.
NM Stat § 45-6-307 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-307 - Ownership of [on] death of owner.

On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be reregistered in the name of the beneficiary or beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners. History: 1978 Comp., § 45-6-307, enacted by Laws 1992, ch. 66, § 43. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 45-6-308 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-308 - Protection of registering entity.

A. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given to the registering entity by Sections 45-6-301 through 45-6-311 NMSA 1978. B. By accepting a request for registration of a security in beneficiary form, the registering entity agrees that the registration will be implemented on death of the deceased owner as provided in Sections 45-6-301 through 45-6-311 NMSA 1978. C. A registering entity is discharged from all claims to a security by the estate, creditors, heirs or devisees of a deceased owner if it registers a transfer of the security in accordance with Section 45-6-307 NMSA 1978 and does so in good faith reliance on: (1) the registration; (2) Sections 45-6-301 through 45-6-311 NMSA 1978; and (3) information provided to it by affidavit of the personal representative of the deceased owner, or by the surviving beneficiary or by the surviving beneficiary's representative or by the surviving beneficiary's representatives, or other information available to the registering entity. D. The protections of Sections 45-6-301 through 45-6-311 NMSA 1978 do not extend to a reregistration or payment made after a registering entity has received written notice from any claimant to any interest in the security objecting to implementation of a registration in beneficiary form. No other notice or other information available to the registering entity affects its right to protection under Sections 45-6-301 through 45-6-311 NMSA 1978. E. The protection provided by Sections 45-6-301 through 45-6-311 NMSA 1978 to the registering entity of a security does not affect the rights of beneficiaries in disputes between themselves and other claimants to ownership of the security transferred or its value or proceeds. History: 1978 Comp., § 45-6-308, enacted by Laws 1992, ch. 66, § 44.
NM Stat § 45-6-309 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-309 - Nontestamentary transfer on death.

A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and Sections 45-6-301 through 45-6-311 NMSA 1978 and is not testamentary. History: 1978 Comp., § 45-6-309, enacted by Laws 1992, ch. 66, § 45; 2005, ch. 143, § 4. ANNOTATIONSThe 2005 amendment, effective July 1, 2005, deleted former Subparagraph B that provided that Sections 45-6-301 to 45-6-311 NMSA 1978 do not limit the rights of creditors of security owners against beneficiaries and other transferees.
NM Stat § 45-6-310 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-310 - Terms, conditions and forms for registration.

A. A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests for: (1) registrations in beneficiary form; and (2) implementation of registrations in beneficiary form, including requests for cancellation of previously registered TOD beneficiary designations and requests for reregistration to effect a change of beneficiary. B. The terms and conditions established under Subsection A of this section may provide for proving death, avoiding or resolving any problems concerning fractional shares, designating primary and contingent beneficiaries and substituting a named beneficiary's descendants to take in the place of the named beneficiary in the event of the beneficiary's death. Substitution may be indicated by appending to the name of the primary beneficiary the letters LDPS, standing for "lineal descendants per stirpes". This designation substitutes a deceased beneficiary's descendants who survive the owner for a beneficiary who fails to so survive, the descendants to be identified and to share in accordance with the law of the beneficiary's domicile at the owner's death governing inheritance by descendants of an intestate. Other forms of identifying beneficiaries who are to take on one or more contingencies, and rules for providing proofs and assurances needed to satisfy reasonable concerns by registering entities regarding conditions and identities relevant to accurate implementation of registrations in beneficiary form, may be contained in a registering entity's terms and conditions. C. The following are illustrations of registrations in beneficiary form which a registering entity may authorize: (1) sole owner-sole beneficiary: John S. Brown TOD (or POD) John S. Brown Jr.; (2) multiple owners-sole beneficiary: John S. Brown Mary B. Brown JT TEN TOD John S. Brown Jr.; and (3) multiple owners-primary and secondary (substituted) beneficiaries: John S. Brown Mary B. Brown JT TEN TOD John S. Brown Jr. SUB BENE Peter Q. Brown or John S. Brown Mary B. Brown JT TEN TOD John S. Brown Jr. LDPS. History: 1978 Comp., § 45-6-310, enacted by Laws 1992, ch. 66, § 46.
NM Stat § 45-6-311 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 3 - TOD SECURITY REGISTRATION|Section 45-6-311 - Applicability.

Sections 45-6-301 through 45-6-311 NMSA 1978 apply to registrations of securities in beneficiary form made before or after July 1, 1992, by decedents dying on or after July 1, 1992. History: 1978 Comp., § 45-6-311, enacted by Laws 1992, ch. 66, § 47.
NM Stat § 45-6-401 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-401 - Short title.

Sections 45-6-401 through 45-6-417 NMSA 1978 may be cited as the "Uniform Real Property Transfer on Death Act". History: Laws 2001, ch. 236, § 1; repealed and reenacted by Laws 2013, ch. 38, § 1. ANNOTATIONSRepeals and reenactments. — Laws 2013, ch. 38, § 1 repealed former 45-6-401 NMSA 1978, as enacted by Laws 2001, ch. 236, § 1, relating to real property, transfer on death deed, and enacted a new section effective January 1, 2014. For provisions of former section, see the 2013 NMSA 1978 on NMOneSource.com.
NM Stat § 45-6-402 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-402 - Definitions.

As used in the Uniform Real Property Transfer on Death Act: A. "beneficiary" means a person that receives property under a transfer on death deed; B. "designated beneficiary" means a person designated to receive property in a transfer on death deed; C. "essential elements" means the names of the grantor and the grantee, a clause transferring title, a description of the property transferred, the grantor's signature and acknowledgment by the grantor in the presence of a notary public or in the presence of another individual authorized by law to take acknowledgments; D. "joint owner" means an individual who owns property concurrently with one or more other individuals with a right of survivorship. "Joint owner" includes a joint tenant but does not include a tenant in common; E. "person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality, or any other legal or commercial entity; F. "property" means an interest in real property located in New Mexico that is transferable on the death of the owner; G. "transfer on death deed" means a deed authorized under the Uniform Real Property Transfer on Death Act; and H. "transferor" means an individual who makes a transfer on death deed. History: 1978 Comp., § 45-6-402, enacted by Laws 2013, ch. 38, § 2. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 2 was effective January 1, 2014.
NM Stat § 45-6-403 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-403 - Applicability.

The Uniform Real Property Transfer on Death Act applies to a transfer on death deed made before, on or after January 1, 2014 by a transferor dying on or after January 1, 2014. History: 1978 Comp., § 45-6-403, enacted by Laws 2013, ch. 38, § 3. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 3 was effective January 1, 2014.
NM Stat § 45-6-404 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-404 - Nonexclusivity.

The Uniform Real Property Transfer on Death Act does not affect any method of transferring property otherwise permitted under the laws of New Mexico. History: 1978 Comp., § 45-6-404, enacted by Laws 2013, ch. 38, § 4. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 4 was effective January 1, 2014.
NM Stat § 45-6-405 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-405 - Transfer on death deed authorized.

An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed. History: 1978 Comp., § 45-6-405, enacted by Laws 2013, ch. 38, § 5. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 5 was effective January 1, 2014.
NM Stat § 45-6-406 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-406 - Transfer on death deed revocable.

A transfer on death deed is revocable even if the deed or another instrument contains a contrary provision. History: 1978 Comp., § 45-6-406, enacted by Laws 2013, ch. 38, § 6. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 6 was effective January 1, 2014.
NM Stat § 45-6-407 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-407 - Transfer on death deed nontestamentary.

A transfer on death deed is nontestamentary. History: 1978 Comp., § 45-6-407, enacted by Laws 2013, ch. 38, § 7. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 7 was effective January 1, 2014.
NM Stat § 45-6-408 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-408 - Capacity of transferor.

The capacity required to make or revoke a transfer on death deed is the same as the capacity required to make a will. History: 1978 Comp., § 45-6-408, enacted by Laws 2013, ch. 38, § 8. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 8 was effective January 1, 2014.
NM Stat § 45-6-409 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-409 - Requirements.

A transfer on death deed shall: A. contain the essential elements and formalities of a properly recordable inter vivos deed; B. state that the transfer to the designated beneficiary is to occur at the transferor's death; and C. be recorded before the transferor's death in the public records in the office of the county clerk for the county where the property is located. History: 1978 Comp., § 45-6-409, enacted by Laws 2013, ch. 38, § 9. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 9 was effective January 1, 2014.
NM Stat § 45-6-410 (2021)
2021 New Mexico Statutes|Chapter 45 - Uniform Probate Code|Article 6 - Nonprobate Transfers|Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH|Section 45-6-410 - Notice, delivery, acceptance or consideration not required.

A transfer on death deed does not require: A. notice or delivery to or acceptance by the designated beneficiary during the transferor's life; or B. consideration. History: 1978 Comp., § 45-6-410, enacted by Laws 2013, ch. 38, § 10. ANNOTATIONSEffective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 10 was effective January 1, 2014.