New Mexico Statutes
§ 46-12-118 — Removal or replacement of authorized fiduciary
An authorized fiduciary shall not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless: A. the person holding the power consents to the modification in a signed record and the modification applies only to the person; B. the person holding the power and the qualified beneficiaries of the second trust consent to the modification in a signed record and the modification grants a substantially similar power to another person; or C. the court approves the modification and the modification grants a substantially similar power to another person.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 46-12-118 (Removal or replacement of authorized fiduciary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2016, ch. 72, § 1-118.
Nearby Sections
15
§ 46-1-1
Repealed§ 46-1-10
Repealed§ 46-1-11
Repealed§ 46-1-14
Court accountings§ 46-1-15
Uniformity of interpretation§ 46-1-16
Short title§ 46-1-2
Repealed§ 46-1-3
Repealed§ 46-1-4
Repealed§ 46-1-5
Repealed§ 46-1-6
Repealed§ 46-1-7
Repealed§ 46-1-8
Repealed