§ 58-11A-1 Authority to engage in leasing safe deposit facilities;
§ 58-11A-2 Effect of lessee’s death or incapacity
§ 58-11A-3 Lease to minor
§ 58-11A-4 Search procedure upon death of lessee
§ 58-11A-5 Adverse claims to contents of a safe deposit box
§ 58-11A-6 Special remedies for nonpayment of rent
§ 58-11A-7 Disposition of contents of safe deposit box when a credit union is liquidated; duty of conservator

Terms Used In New Mexico Statutes > Chapter 58 > Article 11A - Leasing of Safe Deposit Facilities

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Probate: Proving a will