There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 46: Fiduciaries and Trusts
Article 4: State Beneficiary Trusts, 46-4-1 through 46-4-9
Section 46-4-5: Trust purposes.
Universal Citation:
NM Stat § 46-4-5 (1996 through 1st Sess 50th Legis)
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46-4-5. Trust purposes.
The trusts created for the benefit of the state, its municipalities or political subdivisions or other entities, to be acceptable as set forth in Section 2 [46-4-2 NMSA 1978] of this enactment, must have as the purpose of the trust the furtherance or the providing of funds for the furtherance of some proper and lawful function or duty of the beneficiary.
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