New Mexico § 46-8-5 - Evidence of appointment or incumbency

§ 46-8-5. Evidence of appointment or incumbency

A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary

who is not the registered owner shall obtain the following evidence of appointment

or incumbency: A. in the case of a fiduciary appointed or qualified by a court, a certificate issued

by or under the direction or supervision of that court or an officer thereof and dated

within sixty days before the transfer; or B. in any other case, a copy of a document showing the appointment or a certificate

issued by or on behalf of a person reasonably believed by the corporation or transfer

agent to be responsible or, in the absence of such a document or certificate, other

evidence reasonably deemed by the corporation or transfer agent to be appropriate;

corporations and transfer agents may adopt standards with respect to evidence of appointment

or incumbency under this subsection provided such standards are not manifestly unreasonable;

neither the corporation nor transfer agent is charged with notice of the contents

of any document obtained pursuant to Subsection B of this section except to the extent

that the contents relate directly to the appointment or incumbency.