New Mexico § 69-9-10 Money placed in suspense; escheat

New Mexico Statutes

§ 69-9-10 — Money placed in suspense; escheat

New Mexico·Ch. 69 Mines·Art. 9 Consolidation of Small Tracts for Mineral

Any money payable to unknown owners or to owners whose addresses are unknown under leases effectuated by an order of consolidation pursuant to this act [69- 9-1 to 69-9-10 NMSA 1978] shall be placed in suspense with the state treasurer who shall hold said money for payment upon demand and proof of ownership. Any money held in suspense for a period of ten years or longer shall be handled pursuant to the Uniform Disposition of Unclaimed Property Act [repealed].

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Any money payable to unknown owners or to owners whose addresses are unknown under leases effectuated by an order of consolidation pursuant to this act [69- 9-1 to 69-9-10 NMSA 1978] shall be placed in suspense with the state treasurer who shall hold said money for payment upon demand and proof of ownership. Any money held in suspense for a period of ten years or longer shall be handled pursuant to the Uniform Disposition of Unclaimed Property Act [repealed].

New Mexico § 69-9-10 (Money placed in suspense; escheat) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.