§ 6-8A-1 Short title
§ 6-8A-2 Definitions
§ 6-8A-2 v2 Definitions. (Effective January 1, 2026.)
§ 6-8A-3 Duties and authority of the office
§ 6-8A-4 Accounts
§ 6-8A-5 Duties of financial organization or fiduciary
§ 6-8A-6 Limitation on medicaid payback
§ 6-8A-7 Treatment of accounts under federal means-tested programs
§ 6-8A-8 Disclaimer of liability
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Terms Used In New Mexico Statutes > Chapter 6 > Article 8A - Accounts for Persons With Disabilities

  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Oversight: Committee review of the activities of a Federal agency or program.