New Mexico § 46-7-12 - Definitions
Full text of New Mexico New Mexico Statutes Annotated § 46-7-12 — Definitions, with citation guidance and answers to common questions.
§ 46-7-12. Definitions
As used in the Uniform Transfers to Minors Act: A. “adult” means an individual who has attained the age of twenty-one years; B. “benefit plan” means an employer's plan for the benefit of an employee or partner; C. “broker” means a person lawfully engaged in the business of effecting transactions
in securities or commodities for the person's own account or for the account of others; D. “conservator” means a person appointed or qualified by a court to act as general,
limited, or temporary guardian of a minor's property or a person legally authorized
to perform substantially the same functions; E. “court” means the district court; F. “custodial property” means: (1) any interest in property transferred to a custodian under the Uniform Transfers
to Minors Act; and (2) the income from and proceeds of that interest in property; G. “custodian” means a person so designated under Section 10 of the Uniform Transfers to Minors Act or a successor or substitute custodian designated under Section 19 of that act; H. “financial institution” means a bank, trust company, savings institution or credit
union chartered and supervised under state or federal law; I. “legal representative” means an individual's personal representative or conservator; J. “member of the minor's family” means the minor's parent, stepparent, spouse, grandparent,
brother, sister, uncle or aunt, whether of the whole or half blood or by adoption; K. “minor” means an individual who has not attained the age of twenty-one years; L. “person” means an individual, corporation, organization or other legal entity; M. “personal representative” means an executor, administrator, successor, personal
representative or special administrator of a decedent's estate or a person legally
authorized to perform substantially the same functions; N. “state” includes any state of the United States, the District of Columbia, the
commonwealth of Puerto Rico and any territory or possession subject to the legislative
authority of the United States; O. “transfer” means a transaction that creates custodial property under Section 10 of the Uniform Transfers to Minors Act ; P. “transferor” means a person who makes a transfer under that act; and Q. “trust company” means a financial institution, corporation, or other legal entity
authorized to exercise general trust powers.
Frequently Asked Questions About New Mexico § 46-7-12
What does New Mexico Statutes Annotated § 46-7-12 cover?
Section 46-7-12 ("Definitions") 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 § 46-7-12?
A common citation format is "New Mexico Statutes Annotated § 46-7-12" (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 § 46-7-12 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.