New Mexico Statutes 45-6-410. Notice, delivery, acceptance or consideration not required
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A transfer on death deed does not require:
Terms Used In New Mexico Statutes 45-6-410
- 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
- Deed: The legal instrument used to transfer title in real property from one person to another.
A. notice or delivery to or acceptance by the designated beneficiary during the transferor’s life; or
B. consideration.