A transfer may be made only for one minor and only one person may be the custodian. All custodial property held under the Uniform Transfers to Minors Act by the same custodian for the benefit of the same minor constitutes a single custodianship.
§ 46-7-21 NMSA 1978
Single custodianship
Known as the Uniform Transfers to Minors Act
The act spans §§ 46–46 (25 sections).
Laws 1989, ch. 357, § 11.
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.