There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 4 - State Beneficiary Trusts
Section 46-4-5 - Trust purposes.
Universal Citation: NM Stat § 46-4-5 (2019)
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.
History: 1953 Comp., § 33-6-5, enacted by Laws 1957, ch. 171, § 5.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
