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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § […]
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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 4 […]
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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 5 was effective January […]
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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 6 was effective January 1, 2014.
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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 7 was effective January 1, 2014.
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. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws 2013, ch. 38, § 8 was […]
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.
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.
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., […]
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 […]