New Mexico § 45-6-222 Payment on multiple-party account

New Mexico Statutes

§ 45-6-222 — Payment on multiple-party account

New Mexico § 45-6-222

Ch. 45Uniform Probate Code

Art. 6Nonprobate Transfers

This text of New Mexico § 45-6-222 (Payment on multiple-party account) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 45-6-222 (2026).

Text

A financial institution, on request, may pay sums on deposit in a multiple-party account to: A. one or more of the parties, whether or not another party is disabled, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party; or B. the personal representative, if any, or, if there is none, the heirs or devisees of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under Section 45- 6-212 NMSA 1978.

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A financial institution, on request, may pay sums on deposit in a multiple-party account to: A. one or more of the parties, whether or not another party is disabled, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party; or B. the personal representative, if any, or, if there is none, the heirs or devisees of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under Section 45- 6-212 NMSA 1978.