New Mexico § 46-7-31 Termination of custodianship

New Mexico Statutes

§ 46-7-31 — Termination of custodianship

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 7 Transfers to Minors

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of: A. the minor's attainment of twenty-one years of age with respect to custodial property transferred under Section 5 or 6 [46-7-15 or 46-7-16 NMSA 1978] of the Uniform Transfers to Minors Act; B. the minor's attainment of the age of majority under the laws of this state other than the Uniform Transfers to Minors Act with respect to custodial property transferred under Section 7 or 8 [46-7-17 or 46-7-18 NMSA 1978] of that act; C. the minor's death.

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The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of: A. the minor's attainment of twenty-one years of age with respect to custodial property transferred under Section 5 or 6 [46-7-15 or 46-7-16 NMSA 1978] of the Uniform Transfers to Minors Act; B. the minor's attainment of the age of majority under the laws of this state other than the Uniform Transfers to Minors Act with respect to custodial property transferred under Section 7 or 8 [46-7-17 or 46-7-18 NMSA 1978] of that act; C. the minor's death.

New Mexico § 46-7-31 (Termination of custodianship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.