New Mexico § 6-8A-4 Accounts

New Mexico Statutes

§ 6-8A-4 — Accounts

New Mexico § 6-8A-4

Ch. 6Public Finances

Art. 8AAccounts for Persons with Disabilities

This text of New Mexico § 6-8A-4 (Accounts) 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. § 6-8A-4 (2026).

Text

A. An account owner may:

(1)establish an account with a financial organization or fiduciary;

(2)close the account and establish an account with another financial organization or fiduciary, no more than twice in any tax year; and (3) change the owner of an account to a family member of a designated beneficiary; provided that the family member is an eligible person. B. More than one person may contribute to an account. C. A person shall not be the designated beneficiary of more than one account.

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A. An account owner may: (1) establish an account with a financial organization or fiduciary; (2) close the account and establish an account with another financial organization or fiduciary, no more than twice in any tax year; and (3) change the owner of an account to a family member of a designated beneficiary; provided that the family member is an eligible person. B. More than one person may contribute to an account. C. A person shall not be the designated beneficiary of more than one account.