New Mexico § 46-12-120 Duration of second trust

New Mexico Statutes

§ 46-12-120 — Duration of second trust

New Mexico·Ch. 46 Fiduciaries and Trusts·Art. 12 Uniform Trust Decanting

A.Subject to Subsection B of this section, a second trust may have a duration that is the same as or different from the duration of the first trust.

B.To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any maximum perpetuity, accumulation or suspension-of-the-power-of-alienation rules that apply to property of the first trust.

Free access — add to your briefcase to read the full text and ask questions with AI

A. Subject to Subsection B of this section, a second trust may have a duration that is the same as or different from the duration of the first trust. B. To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any maximum perpetuity, accumulation or suspension-of-the-power-of-alienation rules that apply to property of the first trust.

New Mexico § 46-12-120 (Duration of second trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.