There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 4 - State Beneficiary Trusts
Section 46-4-9 - Termination of trust.
Universal Citation: NM Stat § 46-4-9 (2019)
Any such trust may be terminated by agreement of the trustees and the authority of the beneficiary having power to accept the trust under the provisions of Section 2 [46-4-2 NMSA 1978] of this enactment; provided that there may be no termination while there exists any outstanding obligation chargeable against the trust property, which by reason of such termination, might become an obligation of the trustees or of the beneficiary.
History: 1953 Comp., § 33-6-9, enacted by Laws 1957, ch. 171, § 9.
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.
