Statutes > New Mexico Statutes > Chapter 46 - Fiduciaries and Trusts. > Article 7 - Transfers to Minors, 46-7-1 through 46-7-34. > Section 46-7-21 - Single custodianship.

Section 46-7-21 - Single custodianship.

46-7-21. Single custodianship.

A transfer may be made only for one minor and only one person may be the custodian.  All custodial property held under the Uniform Transfers to Minors Act [46-7-11 to 46-7-34 NMSA 1978] by the same custodian for the benefit of the same minor constitutes a single custodianship.