Statutes > New Mexico Statutes > Chapter 46 - Fiduciaries and Trusts. > Article 7 - Transfers to Minors, 46-7-1 through 46-7-34. > Section 46-7-19 - Receipt for custodial property.

Section 46-7-19 - Receipt for custodial property.

46-7-19. Receipt for custodial property.

A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to the Uniform Transfers to Minors Act [46-7-11 to 46-7-34 NMSA 1978].