N.M. Stat. § 45-2-1116
Application to existing relationships.
Except as otherwise provided in Section 13 [45-2-1113 NMSA 1978] of the Uniform
Disclaimer of Property Interests Act, an interest in or power over property existing on
the effective date of that act as to which the time for delivering or filing a disclaimer
under law superseded by that act has not expired may be disclaimed after the effective
date of that act.