NMSA 1978, § 7-8A-15 — 7-8A-15

Filing claim with administrator; handling of claims by
administrator.

# (a)

A person, excluding another state, claiming property paid or delivered to the
administrator may file a claim on a form prescribed by the administrator and verified by
the claimant.

# (b)

Within ninety days after a claim is filed, the administrator shall allow or deny the
claim and give written notice of the decision to the claimant. If the claim is denied, the
administrator shall inform the claimant of the reasons for the denial and specify what
additional evidence is required before the claim will be allowed. The claimant may then
file a new claim with the administrator or maintain an action under Section 16 of the
Uniform Unclaimed Property Act (1995).

# (c)

Within thirty days after a claim is allowed, the property or the net proceeds of a
sale of the property must be delivered or paid by the administrator to the claimant,
together with any dividend, interest or other increment to which the claimant is entitled
under Sections 11 and 12 [7-8A-11 and 7-8A-12 NMSA 1978] of the Uniform Unclaimed
Property Act (1995).

# (d)

A holder who pays the owner for property that has been delivered to the state
and which, if claimed from the administrator by the owner would be subject to an
increment under Sections 11 and 12 of the Uniform Unclaimed Property Act (1995),
may recover from the administrator the amount of the increment.