New Mexico § 46-7-18 - Transfer by obligor
Full text of New Mexico New Mexico Statutes Annotated § 46-7-18 — Transfer by obligor, with citation guidance and answers to common questions.
§ 46-7-18. Transfer by obligor
A. Subject to Subsections B and C of this section, a person not subject to Section 6 or 7 of the Uniform Transfers to Minors Act who holds property of or owes a liquidated debt to a minor not having a conservator
may make an irrevocable transfer to a custodian for the benefit of the minor pursuant
to Section 10 of that act. B. If a person having the right to do so under Section 4 of that act, has nominated
a custodian under that section to receive the custodial property, the transfer shall
be made to that person; C. If no custodian has been nominated under Section 4 of that act, or all persons
so nominated as custodian die before the transfer or are unable, decline or are ineligible
to serve, a transfer under this section may be made to an adult member of the minor's
family or to a trust company unless the property exceeds ten thousand dollars ($10,000)
in value.
Frequently Asked Questions About New Mexico § 46-7-18
What does New Mexico Statutes Annotated § 46-7-18 cover?
Section 46-7-18 ("Transfer by obligor") 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 § 46-7-18?
A common citation format is "New Mexico Statutes Annotated § 46-7-18" (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 § 46-7-18 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.