New Mexico § 45-6-203 - Types of account; existing accounts
Full text of New Mexico New Mexico Statutes Annotated § 45-6-203 — Types of account; existing accounts, with citation guidance and answers to common questions.
§ 45-6-203. Types of account; existing accounts
A. An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between
the parties. Subject to Subsection C of Section 45-6-212 NMSA 1978 , either a single-party account or a multiple-party account may have a POD designation,
an agency designation or both. B. An account established before, on or after the effective date of Sections 45-6-201 through 45-6-227 NMSA 1978 , whether in the form prescribed in Section 45-6-204 NMSA 1978 or in any other form, is either a single-party account or a multiple-party account,
with or without right of survivorship, and with or without a POD designation or an
agency designation, within the meaning of, and governed by Sections 45-6-201 through 45-6-227 NMSA 1978 .
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-6-203
What does New Mexico Statutes Annotated § 45-6-203 cover?
Section 45-6-203 ("Types of account; existing accounts") 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 § 45-6-203?
A common citation format is "New Mexico Statutes Annotated § 45-6-203" (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 § 45-6-203 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.