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2017 New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustees
Section 46A-10-1007 - Event affecting administration or distribution.
Universal Citation: NM Stat § 46A-10-1007 (2017)
46A-10-1007. Event affecting administration or distribution.
If the happening of an event, including marriage, divorce, performance of educational requirements or death, affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge.
History: Laws 2003, ch. 122, 10-1006; recompiled as 46A-10-1007 by Laws 2007, ch. 128, 30.
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