New Mexico Statutes

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

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 3 EXERCISE OF POWER OF APPOINTMENT
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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New Mexico § 46-11-314 (Powerholder's authority to revoke or amend exercise) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Laws 2016, ch. 69, § 314.

Nearby Sections

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