New Mexico § 45-6-307 - Ownership on death of owner
Full text of New Mexico New Mexico Statutes Annotated § 45-6-307 — Ownership on death of owner, with citation guidance and answers to common questions.
§ 45-6-307. Ownership on death of owner
On death of a sole owner or the last to die of all multiple owners, ownership of securities
registered in beneficiary form passes to the beneficiary or beneficiaries who survive
all owners. On proof of death of all owners and compliance with any applicable requirements
of the registering entity, a security registered in beneficiary form may be reregistered
in the name of the beneficiary or beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries
surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the
estate of the deceased sole owner or the estate of the last to die of all multiple
owners.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-6-307
What does New Mexico Statutes Annotated § 45-6-307 cover?
Section 45-6-307 ("Ownership on death of owner") 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 § 45-6-307?
A common citation format is "New Mexico Statutes Annotated § 45-6-307" (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 § 45-6-307 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.