New Mexico § 52-5-14 - Order of approval
Full text of New Mexico New Mexico Statutes Annotated § 52-5-14 — Order of approval, with citation guidance and answers to common questions.
§ 52-5-14. Order of approval
A. If the workers' compensation judge finds the lump-sum payment agreement to be fair,
equitable and consistent with provisions of the Workers' Compensation Act or the New
Mexico Occupational Disease Disablement Law, he shall approve the agreement by order,
and the order shall not be set aside or modified except as provided in the applicable
law. The workers' compensation judge may refuse to approve a settlement if he does not
believe that it provides substantial justice to the parties. B. In making lump-sum settlements, the payment due the worker or his dependents shall
not be discounted at a greater rate than a sum equal to the present value of all future
payments of compensation benefits computed at a five percent discount compounded annually.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 52-5-14
What does New Mexico Statutes Annotated § 52-5-14 cover?
Section 52-5-14 ("Order of approval") 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 § 52-5-14?
A common citation format is "New Mexico Statutes Annotated § 52-5-14" (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 § 52-5-14 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.