Statutes > New Mexico Statutes > Chapter 45 - Uniform Probate Code. > Article 6 - Nonprobate Transfers, 45-6-101 through 45-6-401. > Section 45-6-309 - Nontestamentary transfer on death.

Section 45-6-309 - Nontestamentary transfer on death.

45-6-309. Nontestamentary transfer on death.

A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and Sections 45-6-301 through 45-6-311 NMSA 1978 and is not testamentary.