There Is a Newer Version
of
the New Mexico Statutes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 46-4-7: Lease of property.
Universal Citation:
NM Stat § 46-4-7 (1996 through 1st Sess 50th Legis)
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46-4-7. Lease of property.
The officers or any other governmental agencies or authorities having the custody, management or control of any property, real or personal or both, of the beneficiary of such trust, or of such a proposed trust, which property shall be needful for the execution of the trust purposes, hereby are authorized and empowered to lease such property for said purposes, after the acceptance of the beneficial interest therein by the beneficiary as herein provided, or conditioned upon such acceptance.
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