{"data":{"id":"us-nm/45-6-221","jurisdiction":"us-nm","citation":"45-6-221","heading":"Authority of financial institution.","body":"A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account, and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.","path":["Chapter 45 - Uniform Probate Code","ARTICLE 6 Nonprobate Transfers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"054652e137a85a9ea7596ba5d518c8b9ee39f90e7e48d7e0d9069525930cbdb1","source_id":"us-nm","stale":false,"prev":"us-nm/45-6-216","next":"us-nm/45-6-222"},"notice":"GroundRules: Original legal text. Not legal advice."}