New Mexico Statutes

§ 46-11-203 — Presumption of unlimited authority

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 2 CREATION, REVOCATION AND AMENDMENT OF
Subject to Section 205 [46-11-205 NMSA 1978] of the Uniform Powers of Appointment Act, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: A. presently exercisable; B. exclusionary; and C. except as otherwise provided in Section 204 [46-11-204 NMSA 1978] of the Uniform Powers of Appointment Act, general.

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Legislative History

Laws 2016, ch. 69, § 203.

Nearby Sections

15
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