NMSA 1978, § 7-8A-18 — 7-8A-18

Destruction or disposition of property having no
substantial commercial value; immunity from liability.
If the administrator determines after investigation that property delivered under the
Uniform Unclaimed Property Act (1995) has no substantial commercial value, the
administrator may destroy or otherwise dispose of the property at any time. An action or
proceeding may not be maintained against the state or any officer or against the holder
for or on account of an act of the administrator under this section, except for intentional
misconduct or malfeasance.