New Mexico § 45-6-308 - Protection of registering entity
Full text of New Mexico New Mexico Statutes Annotated § 45-6-308 — Protection of registering entity, with citation guidance and answers to common questions.
§ 45-6-308. Protection of registering entity
A. A registering entity is not required to offer or to accept a request for security
registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner
requesting registration in beneficiary form assents to the protections given to the
registering entity by Sections 45-6-301 through 45-6-311 NMSA 1978 . B. By accepting a request for registration of a security in beneficiary form, the
registering entity agrees that the registration will be implemented on death of the
deceased owner as provided in Sections 45-6-301 through 45-6-311 NMSA 1978 . C. A registering entity is discharged from all claims to a security by the estate,
creditors, heirs or devisees of a deceased owner if it registers a transfer of the
security in accordance with Section 45-6-307 NMSA 1978 and does so in good faith reliance on: (1) the registration; (2) Sections 45-6-301 through 45-6-311 NMSA 1978; and (3) information provided to it by affidavit of the personal representative of the
deceased owner, or by the surviving beneficiary or by the surviving beneficiary's
representative or by the surviving beneficiary's representatives, or other information
available to the registering entity. D. The protections of Sections 45-6-301 through 45-6-311 NMSA 1978 do not extend to a reregistration or payment made after a registering entity has
received written notice from any claimant to any interest in the security objecting
to implementation of a registration in beneficiary form. No other notice or other information available to the registering entity affects
its right to protection under Sections 45-6-301 through 45-6-311 NMSA 1978 . E. The protection provided by Sections 45-6-301 through 45-6-311 NMSA 1978 to the registering entity of a security does not affect the rights of beneficiaries
in disputes between themselves and other claimants to ownership of the security transferred
or its value or proceeds.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-6-308
What does New Mexico Statutes Annotated § 45-6-308 cover?
Section 45-6-308 ("Protection of registering entity") 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 § 45-6-308?
A common citation format is "New Mexico Statutes Annotated § 45-6-308" (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 § 45-6-308 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.