New Mexico Statutes
§ 46-12-121 — Need to distribute not required
New Mexico § 46-12-121
This text of New Mexico § 46-12-121 (Need to distribute not required) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 46-12-121 (2026).
Text
An authorized fiduciary may exercise the decanting power regardless of whether under the first trust's discretionary distribution standard the fiduciary would have made, or could have been compelled to make, a discretionary distribution of principal at the time of the exercise.
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Legislative History
Laws 2016, ch. 72, § 1-121.
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Repealed§ 46-1-10
Repealed§ 46-1-11
Repealed§ 46-1-14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Repealed§ 46-1-3
Repealed§ 46-1-4
Repealed§ 46-1-5
Repealed§ 46-1-6
Repealed§ 46-1-7
Repealed§ 46-1-8
RepealedCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 46-12-121, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/46/46-12-121.