(a) An initial report filed under the Uniform Unclaimed Property Act (1995) for property that was not required to be reported before the effective date of that act, but which is subject to that act, must include all items of property that would have been presumed abandoned during the ten-year period next preceding the effective […]
The administrator may adopt pursuant to the State Rules Act [Chapter 14, Article 4 NMSA 1978] rules necessary to carry out the Uniform Unclaimed Property Act (1995). History: Laws 1997, ch. 25, § 28. ANNOTATIONS Effective dates. — Laws 1997, ch. 25, § 34 made Laws 1997, ch. 25, § 28 effective July 1, 1997.
The Uniform Unclaimed Property Act (1995) shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of that act among states enacting it. History: Laws 1997, ch. 25, § 29. ANNOTATIONS Effective dates. — Laws 1997, ch. 25, § 34 made Laws 1997, ch. 25, […]
Tangible property held in a safe deposit box or other safekeeping depository in this state in the ordinary course of the holder’s business and proceeds resulting from the sale of the property permitted by other law, are presumed abandoned if the property remains unclaimed by the owner for more than five years after expiration of […]
Chapter 7, Article 8A NMSA 1978 may be cited as the “Uniform Unclaimed Property Act (1995)”. History: Laws 1997, ch. 25, § 30; 2006, ch. 37, § 4. ANNOTATIONS The 2006 amendment, effective July 1, 2006, provided that the Uniform Unclaimed Property Act includes sections compiled within Chapter 7, Article 8A NMSA 1978.
If any provision of the Uniform Unclaimed Property Act (1995) or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of that act which can be given effect without the invalid provision or application, and to this end the provisions of the act are […]
Except as otherwise provided in the Uniform Unclaimed Property Act (1995) or by other statute of this state, property that is presumed abandoned, whether located in this or another state, is subject to the custody of this state if: (1) the last known address of the apparent owner, as shown on the records of the […]
A holder may deduct from property presumed abandoned a charge imposed by reason of the owner’s failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the […]
A record of the issuance of a check, draft or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the administrator’s burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument […]
A. A holder of property presumed abandoned shall make a report to the administrator concerning the property. B. The report must be verified and must contain: (1) a description of the property; (2) except with respect to a traveler’s check or money order, the name, if known, and last known address, if any, and the […]
(a) Except for property held in a safe deposit box or other safekeeping depository, upon filing the report required by Section 7 [7-8A-7 NMSA 1978] of the Uniform Unclaimed Property Act (1995), the holder of property presumed abandoned shall pay, deliver, or cause to be paid or delivered to the administrator the property described in […]
The administrator shall publish a notice not later than November 30 of each year in which abandoned property has been paid or delivered to the administrator. The notice shall be published in a newspaper of general circulation in each county of this state. The advertisement must be in a form that, in the judgment of […]
