There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 45: Uniform Probate Code
Article 6: Nonprobate Transfers, 45-6-101 through 45-6-401
Section 45-6-306: Effect of registration in beneficiary form.
NM Stat § 45-6-306 (1996 through 1st Sess 50th Legis) What's This?
45-6-306. Effect of registration in beneficiary form.
The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.
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