New Mexico § 58-1-11 Access by fiduciaries

New Mexico Statutes

§ 58-1-11 — Access by fiduciaries

New Mexico § 58-1-11

Ch. 58Financial Institutions and Regulations

Art. 1Banking Generally

This text of New Mexico § 58-1-11 (Access by fiduciaries) 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. § 58-1-11 (2026).

Text

A. Where access to a safe deposit box is requested by one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto and removal of the contents of the safe deposit box upon obtaining proper receipt from:

(1)any one or more of the persons acting as executors or administrators;

(2)any one or more of the persons otherwise acting as fiduciaries when authorized in writing signed by all other persons so acting; or (3) any agent authorized in writing signed by all of the persons acting as fiduciaries. B. No lessor shall be liable for damages for allowing or refusing access or removal of the contents of the safety deposit box under the provisions of Subsection A of

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A. Where access to a safe deposit box is requested by one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto and removal of the contents of the safe deposit box upon obtaining proper receipt from: (1) any one or more of the persons acting as executors or administrators; (2) any one or more of the persons otherwise acting as fiduciaries when authorized in writing signed by all other persons so acting; or (3) any agent authorized in writing signed by all of the persons acting as fiduciaries. B. No lessor shall be liable for damages for allowing or refusing access or removal of the contents of the safety deposit box under the provisions of Subsection A of this section.