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New Mexico Statutes Chapter 46. Fiduciaries and Trusts § 46-11-403. Method of release

Current as of January 01, 2024 | Updated by FindLaw Staff

A powerholder of a releasable power of appointment may release the power in whole or in part:

A. by substantial compliance with a method provided in the terms of the instrument creating the power; or

B. if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 46. Fiduciaries and Trusts § 46-11-403. Method of release - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-46-fiduciaries-and-trusts/nm-st-sect-46-11-403/

Read this complete New Mexico Statutes Chapter 46. Fiduciaries and Trusts § 46-11-403. Method of release on Westlaw. Westlaw subscription required.

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