45-6-225. Payment to minor.
57 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-6-nonprobate-transfers/45-6-225·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a financial institution is required or permitted to make payment pursuant to Sections 45-6-201 through 45-6-227 NMSA 1978 to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act [46- 7-11 to 46-7-34 NMSA 1978].
History: 1978 Comp., § 45-6-225, enacted by Laws 1992, ch. 66, § 34.