2018 New Mexico Statutes
Chapter 69 - Mines
Article 9 - Consolidation of Small Tracts for Mineral Development
Section 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for a period of ten years or longer shall be handled pursuant to the Uniform Disposition of Unclaimed Property Act [repealed].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.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. The Uniform Disposition of Unclaimed Property Act was compiled as Chapter 7, Article 8 NMSA 1978 before being repealed in 1997. For comparable provisions, see Chapter 7, Article 8A NMSA 1978.
Severability. — Laws 1967, ch. 33, s. 11, provided for the severability of the act if any part or application thereof is held invalid.
