A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incapacitated or deceased when the request is made or received, and whether or not the authority of the agent terminates on the disability or incapacity of a party.
§ 45-6-224 NMSA 1978
Payment to designated agent
Known as the Uniform Real Property Transfer on Death Act
The act spans §§ 45–45 (61 sections).
1978 Comp., § 45-6-224, enacted by Laws 1992, ch. 66, § 33.
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.