New Mexico § 45-6-223 - Payment on POD designation
Full text of New Mexico New Mexico Statutes Annotated § 45-6-223 — Payment on POD designation, with citation guidance and answers to common questions.
§ 45-6-223. Payment on POD designation
A financial institution, on request, may pay sums on deposit in an account with a
POD designation to: A. one or more of the parties, whether or not another party is disabled, incapacitated
or deceased when the payment is requested and whether or not a party survives another
party; B. the beneficiary or beneficiaries, if proof of death is presented to the financial
institution showing that the beneficiary or beneficiaries survived all persons named
as parties; or C. the personal representative, if any, or, if there is none, the heirs or devisees
of a deceased party, if proof of death is presented to the financial institution showing
that the deceased party was the survivor of all other persons named on the account
either as a party or beneficiary.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-6-223
What does New Mexico Statutes Annotated § 45-6-223 cover?
Section 45-6-223 ("Payment on POD designation") 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 § 45-6-223?
A common citation format is "New Mexico Statutes Annotated § 45-6-223" (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 § 45-6-223 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.