New Mexico § 45-6-402 - Definitions
Full text of New Mexico New Mexico Statutes Annotated § 45-6-402 — Definitions, with citation guidance and answers to common questions.
§ 45-6-402. Definitions
As used in the Uniform Real Property Transfer on Death Act: A. “ beneficiary ” means a person that receives property under a transfer on death deed; B. “ designated beneficiary ” means a person designated to receive property in a transfer on death deed; C. “ essential elements ” means the names of the grantor and the grantee, a clause transferring title, a description
of the property transferred, the grantor's signature and acknowledgment by the grantor
in the presence of a notary public or in the presence of another individual authorized
by law to take acknowledgments; D. “ joint owner ” means an individual who owns property concurrently with one or more other individuals
with a right of survivorship. “ Joint owner ” includes a joint tenant but does not include a tenant in common; E. “ person ” means an individual, corporation, business trust, estate, trust, partnership, limited
liability company, association, joint venture, public corporation, government or governmental
subdivision, agency or instrumentality, or any other legal or commercial entity; F. “ property ” means an interest in real property located in New Mexico that is transferable on
the death of the owner; G. “ transfer on death deed ” means a deed authorized under the Uniform Real Property Transfer on Death Act;
and H. “ transferor ” means an individual who makes a transfer on death deed.
Frequently Asked Questions About New Mexico § 45-6-402
What does New Mexico Statutes Annotated § 45-6-402 cover?
Section 45-6-402 ("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 § 45-6-402?
A common citation format is "New Mexico Statutes Annotated § 45-6-402" (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 § 45-6-402 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.