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FILED 2ND JUDICIAL DISTRICT COURT Bernalillo County 5/5/2020 11:22 AM CLERK OF THE COURT Latoya GrayesSTATE OF NEW MEXICO COUNTY OF BERNALILLO SECOND JUDICIAL DISTRICT COURT FINANCIAL INSTITUTIONS
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Desert State Life Management refers to the processes and regulations governing the management of unclaimed property or assets in states characterized by minimal population or vast land areas, often aimed at preserving the rights of rightful owners and ensuring proper asset distribution.
Entities holding unclaimed property, which may include businesses, financial institutions, or government agencies, are required to file Desert State Life Management reports to comply with state regulations.
To fill out Desert State Life Management forms, entities should gather all relevant information on unclaimed assets, complete the required forms accurately, and submit them to the designated state agency, ensuring compliance with state laws.
The purpose of Desert State Life Management is to manage and return unclaimed property to its rightful owners, promote transparency, and maintain organized records of such assets to benefit the community.
Information that must be reported includes the owner's name, last known address, the type of property, value of the property, and any identifying account numbers or descriptions associated with the unclaimed assets.
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