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2019 New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 14 - Uniform Directed Trust
Section 46-14-16 - Office of trust director.
Universal Citation: NM Stat § 46-14-16 (2019)
Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
A. acceptance under Section 46A-7-701 NMSA 1978;
B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978;
C. reasonable compensation under Section 46A-7-708 NMSA 1978;
D. resignation under Section 46A-7-705 NMSA 1978;
E. removal under Section 46A-7-706 NMSA 1978; and
F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.
History: Laws 2018, ch. 63, § 16.
ANNOTATIONSEffective dates. — Laws 2018, ch. 63, § 25 makes Laws 2018, ch. 63, § 16 effective January 1, 2019.
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