Go to Previous Versions
of
this Section
2025 New Mexico Statutes
Chapter 7 - Taxation
Article 8A - Uniform Unclaimed Property Act
Section 7-8A-18 - Destruction or disposition of property having no substantial commercial value; immunity from liability.
Universal Citation:
NM Stat § 7-8A-18 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
If the administrator determines after investigation that property delivered under the Uniform Unclaimed Property Act (1995) has no substantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or any officer or against the holder for or on account of an act of the administrator under this section, except for intentional misconduct or malfeasance.
History: Laws 1997, ch. 25, § 18.
ANNOTATIONSEffective dates. — Laws 1997, ch. 25, § 34 made Laws 1997, ch. 25, § 18 effective July 1, 1997.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
