New Mexico Statutes

§ 46-11-405 — Power to contract; presently exercisable power of

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 4 DISCLAIMER OR RELEASE; CONTRACT TO APPOINT
appointment. A powerholder of a presently exercisable power of appointment may contract: A. not to exercise the power; or B. to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

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Legislative History

Laws 2016, ch. 69, § 405.

Nearby Sections

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