NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-8A-3
7-8A-3
Official textnmonesource.comlast amended
Contents of safe deposit box or other safekeeping depository.
Tangible property held in a safe deposit box or other safekeeping depository in this state in the ordinary course of the holder's business and proceeds resulting from the sale of the property permitted by other law, are presumed abandoned if the property remains unclaimed by the owner for more than five years after expiration of the lease or rental period on the box or other depository.
Amendment history
Laws 1997, ch. 25, § 3.
Source: official source (NMSA chapter on nmonesource.com)
In this article (32 sections)
- 7-8A-1 · Definitions
- 7-8A-2 · Presumptions of abandonment
- 7-8A-3 · 7-8A-3
- 7-8A-4 · Rules for taking custody
- 7-8A-5 · Dormancy charge
- 7-8A-6 · 7-8A-6
- 7-8A-7 · Report of abandoned property
- 7-8A-8 · Payment or delivery of abandoned property
- 7-8A-9 · Notice and publication of lists of abandoned property
- 7-8A-10 · Custody by state; recovery by holder; defense of holder
- 7-8A-10.1 · Exercise of due diligence; liability; notice
- 7-8A-11 · 7-8A-11
- 7-8A-12 · Public sale of abandoned property
- 7-8A-13 · Deposit of funds
- 7-8A-14 · Claim of another state to recover property
- 7-8A-15 · 7-8A-15
- 7-8A-16 · Appeal; action to establish claim
- 7-8A-17 · Election to take payment or delivery
- 7-8A-18 · 7-8A-18
- 7-8A-19 · Periods of limitation
- 7-8A-20 · Requests for reports and examination of records
- 7-8A-21 · Retention of records
- 7-8A-22 · Enforcement
- 7-8A-23 · 7-8A-23
- 7-8A-24 · Interest and penalties
- 7-8A-25 · Agreement to locate property
- 7-8A-26 · Foreign transactions
- 7-8A-27 · Transitional provisions
- 7-8A-28 · Rules
- 7-8A-29 · Uniformity of application and construction
- 7-8A-30 · Short title
- 7-8A-31 · Severability clause