New Mexico § 46-11-314 Powerholder's authority to revoke or amend exercise

New Mexico Statutes

§ 46-11-314 — Powerholder's authority to revoke or amend exercise

New Mexico § 46-11-314

Ch. 46Fiduciaries and Trusts

Art. 3EXERCISE OF POWER OF APPOINTMENT

This text of New Mexico § 46-11-314 (Powerholder's authority to revoke or amend exercise) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 46-11-314 (2026).

Text

A powerholder may revoke or amend an exercise of a power of appointment only to the extent that: A. the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or B. the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.

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A powerholder may revoke or amend an exercise of a power of appointment only to the extent that: A. the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or B. the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.