New Mexico § 40-3-14 - Management and control of other community personal property
Full text of New Mexico New Mexico Statutes Annotated § 40-3-14 — Management and control of other community personal property, with citation guidance and answers to common questions.
§ 40-3-14. Management and control of other community personal property
A. Except as provided in Subsections B and C of this section, either spouse alone
has full power to manage, control, dispose of and encumber the entire community personal
property. B. Where only one spouse is: (1) named in a document evidencing ownership of community personal property; or (2) named or designated in a written agreement between that spouse and a third party
as having sole authority to manage, control, dispose of or encumber the community
personal property which is described in or which is the subject of the agreement,
whether the agreement was executed prior to or after July 1, 1973; only the spouse
so named may manage, control, dispose of or encumber the community personal property
described in such a document evidencing ownership or in such a written agreement. C. Where both spouses are: (1) named in a document evidencing ownership of community personal property; or (2) named or designated in a written agreement with a third party as having joint
authority to dispose of or encumber the community personal property which is described
in or the subject of the agreement, whether the agreement was executed prior to or
after July 1, 1973; both spouses must join to dispose of or encumber such community
personal property where the names of the spouses are joined by the word “and.” Where the names of the spouses are joined by the word “or,” or by the words “and/or,”
either spouse alone may dispose of or encumber such community personal property.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 40-3-14
What does New Mexico Statutes Annotated § 40-3-14 cover?
Section 40-3-14 ("Management and control of other community personal property") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 40-3-14?
A common citation format is "New Mexico Statutes Annotated § 40-3-14" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 40-3-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.