New Mexico Statutes

§ 46-11-406 — Power to contract; power of appointment not presently

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 4 DISCLAIMER OR RELEASE; CONTRACT TO APPOINT
exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: A. is also the donor of the power; and B. has reserved the power in a revocable trust.

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Legislative History

Laws 2016, ch. 69, § 406.

Nearby Sections

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