Except as a consequence of, and to the extent directed by, Section 45-6-215 NMSA 1978, a transfer resulting from the application of Section 45-6-212 NMSA 1978 is effective by reason of the terms of the account involved and Sections 45-6-201 through 45-6-227 NMSA 1978 and is not testamentary or subject to Chapter 45, Articles 1 through 4 NMSA 1978.
§ 45-6-214 NMSA 1978
Accounts and transfers nontestamentary
Known as the Uniform Real Property Transfer on Death Act
The act spans §§ 45–45 (61 sections).
1978 Comp., § 45-6-214, enacted by Laws 1992, ch. 66, § 27.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.