New Mexico § 46-4-2 - Acceptance by beneficiary
Full text of New Mexico New Mexico Statutes Annotated § 46-4-2 — Acceptance by beneficiary, with citation guidance and answers to common questions.
§ 46-4-2. Acceptance by beneficiary
The governor in behalf of the state, or any agency thereof or the governing body of
any political subdivision named as beneficiary of a trust must approve and accept
by appropriate act, resolution, order or ordinance the benefits to be bestowed by
such trust. Before any such trust shall affect or be binding upon the governor in behalf of
the state, or any agency thereof or the governing body of any political subdivision,
the trust agreement shall be approved by a majority of the members of the state board
of finance.
Frequently Asked Questions About New Mexico § 46-4-2
What does New Mexico Statutes Annotated § 46-4-2 cover?
Section 46-4-2 ("Acceptance by beneficiary") 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 § 46-4-2?
A common citation format is "New Mexico Statutes Annotated § 46-4-2" (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 § 46-4-2 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.