There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 4 - Creation, Validity, Modification and Termination of Trust
Section 46A-4-404 - Trust purposes. (2003)
NM Stat § 46A-4-404 (2013) What's This?
46A-4-404. Trust purposes. (2003)
A trust may be created only to the extent its purposes are lawful, not contrary to public policy and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
History: Laws 2003, ch. 122, § 4-404.
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