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 the lease or rental period on the box or other depository.
§ 7-8A-3 NMSA 1978
Contents of safe deposit box or other safekeeping depository
Known as the Uniform Unclaimed Property Act
The act spans §§ 7–7 (32 sections).
Laws 1997, ch. 25, § 3.
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.