Section 45-7-101 to 45-7-104 – Repealed.
History: 1953 Comp., § 32A-7-101, enacted by Laws 1975, ch. 257, § 7-101. ANNOTATIONS Repeals. — Laws 2003, ch. 122, § 11-1105 repealed 45-7-101 to 45-7-104 NMSA 1978, as enacted by Laws 1975, ch. 257, §§ 7-101 to 7-104, relating to the principal place of administration, effective July 1, 2003. For provisions of former sections, […]
Section 45-7-105 – Registration; qualification of foreign trustee.
A. A foreign corporate trustee is required to qualify as a foreign corporation doing business in New Mexico if it maintains the principal place of administration of any trust within the state. A foreign corporate cotrustee is not required to qualify in New Mexico solely because its cotrustee maintains the principal place of administration in […]
Section 45-7-201 to 45-7-206 – Repealed.
History: 1953 Comp., § 32A-7-201, enacted by Laws 1975, ch. 257, § 7-201. ANNOTATIONS Repeals. — Laws 2003, ch. 122, § 11-1105 repealed 45-7-201 to 45-7-206 NMSA 1978, as enacted by Laws 1975, ch. 257, §§ 7-201 to 7-206, relating to jurisdiction of court concerning trusts, effective July 1, 2003. For provisions of former sections, […]
Section 45-7-301 to 45-7-307 – Repealed.
History: 1953 Comp., § 32A-7-301, enacted by Laws 1975, ch. 257, § 7-301. ANNOTATIONS Repeals. — Laws 2003, ch. 122, § 11-1105 repealed 45-7-301 to 45-7-307 NMSA 1978, as enacted by Laws 1975, ch. 257, §§ 7-301 to 7-307, relating to duties and liabilities of trustees, effective July 1, 2003. For provisions of former sections, […]
Section 45-6-412 – Effect of transfer on death deed during transferor’s life.
During a transferor’s life, a transfer on death deed does not: A. affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property; B. affect an interest or right of a transferee, even if the transferee has actual or constructive notice of the deed; C. […]
Section 45-6-413 – Effect of transfer on death deed at transferor’s death.
A. Except as otherwise provided in the transfer on death deed or in Subsection B, C or D of this section or in Section 45-2-603, 45-2-702, 45-2-706, 45-2-707, 45-2-802, 45-2-803 or 45-2-804 NMSA 1978, on the death of the transferor, the following rules apply to property that is the subject of a transfer on death […]
Section 45-6-414 – Disclaimer.
A beneficiary may disclaim all or part of the beneficiary’s interest as provided by the Uniform Disclaimer of Property Interests Act [Chapter 45, Article 2, Part 11 NMSA 1978]. History: 1978 Comp., § 45-6-414, enacted by Laws 2013, ch. 38, § 14. ANNOTATIONS Effective dates. — Laws 2013, ch. 38, § 18 provided that Laws […]
Section 45-6-415 – Liability for creditor claims and statutory allowances.
A beneficiary of a transfer on death deed is liable for an allowed claim against the transferor’s probate estate and statutory allowances to a surviving spouse and children to the extent provided in Section 45-6-102 NMSA 1978. History: 1978 Comp., § 45-6-415, enacted by Laws 2013, ch. 38, § 15. ANNOTATIONS Effective dates. — Laws […]
Section 45-6-416 – Optional form of transfer on death deed.
The following form may be used to create a transfer on death deed. The provisions of the Uniform Real Property Transfer on Death Act govern the effect of this or any other instrument used to create a transfer on death deed: (front of form) “REVOCABLE TRANSFER ON DEATH DEED NOTICE TO OWNER You should carefully […]
Section 45-6-417 – Optional form of revocation.
The following form may be used to create an instrument of revocation under the Uniform Real Property Transfer on Death Act. The provisions of the Uniform Real Property Transfer on Death Act govern the effect of this or any other instrument used to revoke a transfer on death deed. (front of form) “REVOCATION OF TRANSFER […]