New Mexico § 7-8A-18 Destruction or disposition of property having no

New Mexico Statutes

§ 7-8A-18 — Destruction or disposition of property having no

New Mexico § 7-8A-18

Ch. 7Taxation

Art. 8AUniform Unclaimed Property Act

This text of New Mexico § 7-8A-18 (Destruction or disposition of property having no) 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. § 7-8A-18 (2026).

Text

substantial commercial value; immunity from liability. If the administrator determines after investigation that property delivered under the Uniform Unclaimed Property Act (1995) has no substantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or any officer or against the holder for or on account of an act of the administrator under this section, except for intentional misconduct or malfeasance.

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substantial commercial value; immunity from liability. If the administrator determines after investigation that property delivered under the Uniform Unclaimed Property Act (1995) has no substantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or any officer or against the holder for or on account of an act of the administrator under this section, except for intentional misconduct or malfeasance.