New Mexico § 45-6-204 - Forms
Full text of New Mexico New Mexico Statutes Annotated § 45-6-204 — Forms, with citation guidance and answers to common questions.
§ 45-6-204. Forms
A. A contract of deposit that contains provisions in substantially the following form
establishes the type of account provided, and the account is governed by the provisions
of Sections 45-6-201 through 45-6-227 NMSA 1978 applicable to an account of that type: UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM PARTIES (Name One or More Parties): _________________________ _________________________________________________ OWNERSHIP (Select One And Initial): ___ SINGLE-PARTY ACCOUNT ___ MULTIPLE-PARTY ACCOUNT Parties own account in proportion to net contributions unless there is clear and
convincing evidence of a different intent. RIGHTS AT DEATH (Select One And Initial): ___ SINGLE-PARTY ACCOUNT At death of party, ownership passes as part of party's estate. ___ SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION (Name One or More Beneficiaries): _________________________ _________________________________________________ At death of party ownership passes to POD beneficiaries and is not part of party's
estate. ___ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP At death of party, ownership passes to surviving parties. ___ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY ON DEATH) DESIGNATION (Name One or More Beneficiaries): _________________________ _________________________________________________ At death of last surviving party, ownership passes to POD beneficiaries and is not
part of last surviving party's estate. ___ MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP At death of party, deceased party's ownership passes as part of deceased party's
estate. AGENCY (POWER OF ATTORNEY) DESIGNATION (Optional) Agents may make account transactions for parties but have no ownership or rights
at death unless named as POD beneficiaries. (To Add Agency Designation To Account, Name One or More Agents): _________________________ _________________________________________________ (Select One and Initial): ___ AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES ___ AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES. B. A contract of deposit that does not contain provisions in substantially the form
provided in Subsection A of this section is governed by the provisions of Sections 45-6-201 through 45-6-227 NMSA 1978 applicable to the type of account that most nearly conforms to the depositor's intent.
Frequently Asked Questions About New Mexico § 45-6-204
What does New Mexico Statutes Annotated § 45-6-204 cover?
Section 45-6-204 ("Forms") 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 § 45-6-204?
A common citation format is "New Mexico Statutes Annotated § 45-6-204" (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 § 45-6-204 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.