There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 46A: Uniform Trust Code
Article 8: Duties and Powers of Trustee, 46A-8-801 through 46A-8-817
Section 46A-8-805: Costs of administration.
NM Stat § 46A-8-805 (1996 through 1st Sess 50th Legis) What's This?
46A-8-805. Costs of administration.
In administering a trust, the trustee may incur only costs that are reasonable in relation to the trust property, the purposes of the trust and the skills of the trustee.
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