There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 46A: Uniform Trust Code
Article 4: Creation, Validity, Modification and Termination of Trust, 46A-4-401 through 46A-4-417
Section 46A-4-407: Evidence of oral trust.
NM Stat § 46A-4-407 (1996 through 1st Sess 50th Legis) What's This?
46A-4-407. Evidence of oral trust.
Except as required by a statute other than the Uniform Trust Code [46A-1-101 NMSA 1978], a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.
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