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2025 New Mexico Statutes
Chapter 7 - Taxation
Article 8A - Uniform Unclaimed Property Act
Section 7-8A-6 - Burden of proof as to property evidenced by record of check or draft.
Universal Citation:
NM Stat § 7-8A-6 (2025)
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A record of the issuance of a check, draft or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the administrator's burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument and passage of the requisite period of abandonment. Defenses of payment, satisfaction, discharge and want of consideration are affirmative defenses that must be established by the holder.
History: Laws 1997, ch. 25, § 6.
ANNOTATIONSEffective dates. — Laws 1997, ch. 25, § 34 made Laws 1997, ch. 25, § 6 effective July 1, 1997.
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