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.
§ 45-6-304 NMSA 1978
Origination of registration in beneficiary form
Known as the Uniform Real Property Transfer on Death Act
The act spans §§ 45–45 (61 sections).
1978 Comp., § 45-6-304, enacted by Laws 1992, ch. 66, § 40.
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.