NMSA 1978, § 7-8A-23 — 7-8A-23

Interstate agreements and cooperation; joint and
reciprocal actions with other states.

# (a)

The administrator may enter into an agreement with another state to exchange
information relating to abandoned property or its possible existence. The agreement
may permit the other state, or another person acting on behalf of a state, to examine
records as authorized in Section 20 [7-8A-20 NMSA 1978] of the Uniform Unclaimed
Property Act (1995). The administrator by rule may require the reporting of information
needed to enable compliance with an agreement made under this section and prescribe
the form.

# (b)

The administrator may join with another state to seek enforcement of the Uniform
Unclaimed Property Act (1995) against any person who is or may be holding property
reportable under that act.

# (c)

At the request of another state, the attorney general of this state may maintain an
action on behalf of the other state to enforce, in this state, the unclaimed property laws
of the other state against a holder of property subject to escheat or a claim of
abandonment by the other state, if the other state has agreed to pay expenses incurred
by the attorney general in maintaining the action.

# (d)

The administrator may request that the attorney general of another state or
another attorney commence an action in the other state on behalf of the administrator.
With the approval of the attorney general of this state, the administrator may retain any
other attorney to commence an action in this state on behalf of the administrator. This
state shall pay all expenses, including attorney's fees, in maintaining an action under
this subsection. With the administrator's approval, the expenses and attorney's fees
may be paid from money received under the Uniform Unclaimed Property Act (1995).
The administrator may agree to pay expenses and attorney's fees based in whole or in
part on a percentage of the value of any property recovered in the action. Any expenses
or attorney's fees paid under this subsection may not be deducted from the amount that
is subject to the claim by the owner under the Uniform Unclaimed Property Act (1995).