New Mexico Statutes 34-6-38. Finance; disposition of unclaimed money
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When money is held in the court clerk trust account and the person entitled to it does not make claim within six years from the date when it became payable, the money is presumed abandoned and shall be disposed of in the manner provided in the Uniform Disposition of Unclaimed Property Act [Uniform Unclaimed Property Act (1995), N.M. Stat. Ann. Chapter 7, Article 8A].
Terms Used In New Mexico Statutes 34-6-38
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC