New Mexico § 45-6-206 - Applicability
Full text of New Mexico New Mexico Statutes Annotated § 45-6-206 — Applicability, with citation guidance and answers to common questions.
§ 45-6-206. Applicability
The provisions of Sections 45-6-211 through 45-6-216 NMSA 1978 concerning beneficial ownership as between parties or as between parties and beneficiaries
apply only to controversies between those persons and their creditors and other successors,
and do not apply to the right of those persons to payment as determined by the terms
of the account. Sections 45-6-221 through 45-6-227 NMSA 1978 govern the liability and set-off rights of financial institutions that make payments
pursuant to those sections.
Frequently Asked Questions About New Mexico § 45-6-206
What does New Mexico Statutes Annotated § 45-6-206 cover?
Section 45-6-206 ("Applicability") 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 § 45-6-206?
A common citation format is "New Mexico Statutes Annotated § 45-6-206" (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 § 45-6-206 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.