There Is a Newer Version of the New Mexico Statutes
2009 New Mexico Statutes
Chapter 45 - Uniform Probate Code.
Article 7 - Trust Administration
Part 1 - PRINCIPAL PLACE OF ADMINISTRATION
- Section 45-7-101 to 45-7-104 - Repealed.
- Section 45-7-105 - Registration; qualification of foreign trustee.
Part 2 - JURISDICTION OF COURT CONCERNING TRUSTS
Part 3 - DUTIES AND LIABILITIES OF TRUSTEES
Part 4 - POWERS OF TRUSTEES
Part 5 - CUSTODIAL TRUSTS
- Section 45-7-501 - Short title.
- Section 45-7-502 - Definitions.
- Section 45-7-503 - Custodial trust; general.
- Section 45-7-504 - Custodial trustee for future payment or transfer.
- Section 45-7-505 - Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
- Section 45-7-506 - Transfer to custodial trustee by fiduciary or obligor; facility of payment.
- Section 45-7-507 - Multiple beneficiaries; separate custodial trusts; survivorship.
- Section 45-7-508 - General duties of custodial trustee.
- Section 45-7-509 - General powers of custodial trustee.
- Section 45-7-510 - Use of custodial trust property.
- Section 45-7-511 - Determination of incapacity; effect.
- Section 45-7-512 - Exemption of third person from liability.
- Section 45-7-513 - Liability to third person.
- Section 45-7-514 - Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee.
- Section 45-7-515 - Expenses, compensation and bond of custodial trustee.
- Section 45-7-516 - Reporting and accounting by custodial trustee; determination of liability of custodial trustee.
- Section 45-7-517 - Limitations of action against custodial trustee.
- Section 45-7-518 - Distribution on termination.
- Section 45-7-519 - Methods and forms for creating custodial trusts.
- Section 45-7-520 - Applicable law.
- Section 45-7-521 - Uniformity of application and construction.
- Section 45-7-522 - Severability.
Part 6 - UNIFORM PRUDENT INVESTOR ACT
- Section 45-7-601 - Short title.
- Section 45-7-602 - Prudent investor rule.
- Section 45-7-603 - Standard of care; portfolio strategy; risk and return objectives.
- Section 45-7-604 - Diversification.
- Section 45-7-605 - Duties at inception of trusteeship.
- Section 45-7-606 - Loyalty.
- Section 45-7-607 - Impartiality.
- Section 45-7-608 - Investment costs.
- Section 45-7-609 - Reviewing compliance.
- Section 45-7-610 - Delegation of investment and management functions.
- Section 45-7-611 - Language invoking standard.
- Section 45-7-612 - Application to existing trusts.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
