Statutes > New Mexico Statutes > Chapter 42 - Actions and Proceedings Relating to Property. > Article 10 - Exemptions, 42-10-1 through 42-10-13. > Section 42-10-4 - Benefits from benevolent associations.

Section 42-10-4 - Benefits from benevolent associations.

42-10-4. [Benefits from benevolent associations.]

Any beneficiary fund not exceeding five thousand dollars [($5,000)], set apart, appropriated or paid, by any benevolent association or society, according to its rules, regulations or bylaws, to the family of any deceased member, or to any member of such family, shall not be liable to be taken by any process or proceedings, legal or equitable, to pay any debts of such deceased member.