N.M. Stat. § 42-10-4

Current through 2024, ch. 69

Section 42-10-4 - Benevolent associations; benefits

Any beneficiary fund not exceeding fifty thousand dollars ($50,000) set apart, appropriated or paid by any benevolent association or society, according to its rules, regulations or bylaws, to the family of any deceased member or to any member of the deceased member's family, shall not be liable to be taken by any process or proceedings, legal or equitable, to pay any debts of the deceased member.

NMS § 42-10-4

Laws 1887, ch. 37, § 7; C.L. 1897, § 1741; Code 1915, § 2315; C.S. 1929, § 48-105; 1941 Comp., § 21-504; 1953 Comp., § 24-5-4.

Amended by 2023, c. 104,s. 5, eff. 7/1/2023.