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2019 New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 8 - Duties and Powers of Trustee
Section 46A-8-815 - General powers of trustee.
Universal Citation: NM Stat § 46A-8-815 (2019)
A. A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(a) all powers over the trust property that an unmarried competent owner has over individually owned property;
(b) any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and
(c) any other powers conferred by the Uniform Trust Code [46A-1-101 NMSA 1978].
B. The exercise of a power is subject to the fiduciary duties prescribed by Chapter 46A, Article 8 NMSA 1978.
History: Laws 2003, ch. 122, § 8-815; 2007, ch. 128, § 24.
ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed the statutory reference in Subsection B.
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