New Mexico § 45-6-301 - Definitions
Full text of New Mexico New Mexico Statutes Annotated § 45-6-301 — Definitions, with citation guidance and answers to common questions.
§ 45-6-301. Definitions
As used in Sections 45-6-301 through 45-6-311 NMSA 1978: A. “ beneficiary form ” means a registration of a security that indicates the present owner of the security
and the intention of the owner regarding the person who will become the owner of the
security upon the death of the owner; B. “ register ”, including its derivatives, means to issue a certificate showing the ownership of
a certificated security or, in the case of an uncertificated security, to initiate
or transfer an account showing ownership of securities; C. “ registering entity ” means a person who originates or transfers a security title by registration, and
includes a broker maintaining security accounts for customers and a transfer agent
or other person acting for or as an issuer of securities; D. “ security ” means a share, participation or other interest in property, in a business or in
an obligation of an enterprise or other issuer, and includes a certificated security,
an uncertificated security and a security account; and E. “ security account ” means: (1) a reinvestment account associated with a security, a securities account with a
broker, a cash balance in a brokerage account, cash, interest, earnings or dividends
earned or declared on a security in an account, a reinvestment account or a brokerage
account, whether or not credited to the account before the owner's death; (2) a cash balance or other property held for or due to the owner of a security as
a replacement for or product of an account security, whether or not credited to the
account before the owner's death; or (3) a natural person's investment, management or custody account with a trust company
or bank with trust powers, including securities in the account, a cash balance in
the account and cash, cash equivalents, interest, earnings or dividends earned or
declared on a security in the account, whether or not credited to the account before
the owner's death. Nothing in this paragraph affects interests in real property.
Frequently Asked Questions About New Mexico § 45-6-301
What does New Mexico Statutes Annotated § 45-6-301 cover?
Section 45-6-301 ("Definitions") 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 § 45-6-301?
A common citation format is "New Mexico Statutes Annotated § 45-6-301" (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 § 45-6-301 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.