N.M. Stat. § 45-2-1113
When disclaimer barred or limited.
A. A disclaimer is barred by a written waiver of the right to disclaim.
B. A disclaimer of an interest in property is barred if any of the following events
occur before the disclaimer becomes effective:
(1)
the disclaimant accepts the interest sought to be disclaimed;
(2)
the disclaimant voluntarily assigns, conveys, encumbers, pledges or
transfers the interest sought to be disclaimed or contracts to do so; or
(3)
a judicial sale of the interest sought to be disclaimed occurs.
C. A disclaimer, in whole or part, of the future exercise of a power held in a fiduciary
capacity is not barred by its previous exercise.
D. A disclaimer, in whole or part, of the future exercise of a power not held in a
fiduciary capacity is not barred by its previous exercise unless the power is exercisable
in favor of the disclaimant.
E. A disclaimer is barred or limited if so provided by law other than the Uniform
Disclaimer of Property Interests Act.
F. A disclaimer of a power over property that is barred by this section is ineffective.
A disclaimer of an interest in property that is barred by this section takes effect as a
transfer of the interest disclaimed to the persons who would have taken the interest
under the Uniform Disclaimer of Property Interests Act had the disclaimer not been
barred.