{"data":{"id":"us-nm/46-8-5","jurisdiction":"us-nm","citation":"46-8-5","heading":"Evidence of appointment or incumbency.","body":"A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency:\nA. in the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of that court or an officer thereof and dated within sixty days before the transfer; or\nB. in any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the corporation or transfer agent to be responsible or, in the absence of such a document or certificate, other evidence reasonably deemed by the corporation or transfer agent to be appropriate; corporations and transfer agents may adopt standards with respect to evidence of appointment or incumbency under this subsection provided such standards are not manifestly unreasonable; neither the corporation nor transfer agent is charged with notice of the contents of any document obtained pursuant to Subsection B of this section except to the extent that the contents relate directly to the appointment or incumbency.","path":["Chapter 46 - Fiduciaries and Trusts","ARTICLE 8 Simplification of Fiduciary Security Transfers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18547/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"ac1d2e2ab3f2f3833e04cd8f14a2ba1e0132ce380c5097b6967b771fb11a8f6c","source_id":"us-nm","stale":false,"prev":"us-nm/46-8-4","next":"us-nm/46-8-6"},"notice":"GroundRules: Original legal text. Not legal advice."}