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2017 New Mexico Statutes
Chapter 69 - Mines
Article 9 - Consolidation of Small Tracts for Mineral Development
Section 69-9-10 - Money placed in suspense; escheat.
Universal Citation: NM Stat § 69-9-10 (2017)
69-9-10. Money placed in suspense; escheat.
Any money payable to unknown owners or to owners whose addresses are unknown under leases effectuated by an order of consolidation pursuant to this act [69-9-1 to 69-9-10 NMSA 1978] shall be placed in suspense with the state treasurer who shall hold said money for payment upon demand and proof of ownership. Any money held in suspense for a period of ten years or longer shall be handled pursuant to the Uniform Disposition of Unclaimed Property Act [repealed].
History: 1953 Comp., 63-32-10, enacted by Laws 1967, ch. 33, 10.
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