2006 New Mexico Statutes - Article 7 — Trust Administration, 45-7-101 through 45-7-612.

Part 1. PRINCIPAL PLACE OF ADMINISTRATION

• 45-7-101 to 45-7-104 — Repealed.
• 45-7-105 — Registration; qualification of foreign trustee.

Part 2. JURISDICTION OF COURT CONCERNING  TRUSTS

• 45-7-201 to 45-7-206 — Repealed.

Part 3. DUTIES AND LIABILITIES OF TRUSTEES

• 45-7-301 to 45-7-307 — Repealed.

Part 4. POWERS OF TRUSTEES

• 45-7-401 — Repealed.

Part 5. CUSTODIAL TRUSTS

• 45-7-501 — Short title.
• 45-7-502 — Definitions.
• 45-7-503 — Custodial trust; general.
• 45-7-504 — Custodial trustee for future payment or transfer.
• 45-7-505 — Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
• 45-7-506 — Transfer to custodial trustee by fiduciary or obligor; facility of payment.
• 45-7-507 — Multiple beneficiaries; separate custodial trusts; survivorship.
• 45-7-508 — General duties of custodial trustee.
• 45-7-509 — General powers of custodial trustee.
• 45-7-510 — Use of custodial trust property.
• 45-7-511 — Determination of incapacity; effect.
• 45-7-512 — Exemption of third person from liability.
• 45-7-513 — Liability to third person.
• 45-7-514 — Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee.
• 45-7-515 — Expenses, compensation and bond of custodial trustee.
• 45-7-516 — Reporting and accounting by custodial trustee; determination of liability of custodial trustee.
• 45-7-517 — Limitations of action against custodial trustee.
• 45-7-518 — Distribution on termination.
• 45-7-519 — Methods and forms for creating custodial trusts.
• 45-7-520 — Applicable law.
• 45-7-521 — Uniformity of application and construction.
• 45-7-522 — Severability.

Part 6. UNIFORM PRUDENT INVESTOR ACT

• 45-7-601 — Short title.
• 45-7-602 — Prudent investor rule.
• 45-7-603 — Standard of care; portfolio strategy; risk and return objectives.
• 45-7-604 — Diversification.
• 45-7-605 — Duties at inception of trusteeship.
• 45-7-606 — Loyalty.
• 45-7-607 — Impartiality.
• 45-7-608 — Investment costs.
• 45-7-609 — Reviewing compliance.
• 45-7-610 — Delegation of investment and management functions.
• 45-7-611 — Language invoking standard.
• 45-7-612 — Application to existing trusts.