This text of New Mexico § 46-7-12 (Definitions) 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.
[As used in the Uniform Transfers to Minors Act [46-7-11 to 46-7-34 NMSA 1978]:] A. "adult" means an individual who has attained the age of twenty-one years; B. "benefit plan" means an employer's plan for the benefit of an employee or partner; C. "broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others; D. "conservator" means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions; E. "court" means the district court; F. "custodial property" means:
(1)any interest in property transferred to a custodian under the Uniform Transfers to Minors Act; a
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[As used in the Uniform Transfers to Minors Act [46-7-11 to 46-7-34 NMSA 1978]:] A. "adult" means an individual who has attained the age of twenty-one years; B. "benefit plan" means an employer's plan for the benefit of an employee or partner; C. "broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others; D. "conservator" means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions; E. "court" means the district court; F. "custodial property" means: (1) any interest in property transferred to a custodian under the Uniform Transfers to Minors Act; and (2) the income from and proceeds of that interest in property; G. "custodian" means a person so designated under Section 10 [46-7-20 NMSA 1978] of the Uniform Transfers to Minors Act or a successor or substitute custodian designated under Section 19 [46-7-29 NMSA 1978] of that act; H. "financial institution" means a bank, trust company, savings institution or credit union chartered and supervised under state or federal law; I. "legal representative" means an individual's personal representative or conservator; J. "member of the minor's family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of the whole or half blood or by adoption; K. "minor" means an individual who has not attained the age of twenty-one years; L. "person" means an individual, corporation, organization or other legal entity; M. "personal representative" means an executor, administrator, successor, personal representative or special administrator of a decendent's [decedent's] estate or a person legally authorized to perform substantally [substantially] the same functions; N. "state" includes any state of the United States, the District of Columbia, the commonwealth of Puerto Rico and any territory or possession subject to the legislative authority of the United States; O. "transfer" means a transaction that creates custodial property under Section 10 of the Uniform Transfers to Minors Act; P. "transferor" means a person who makes a transfer under that act; and Q. "trust company" means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.