New Mexico § 46-14-11 No duty to monitor, inform or advise

New Mexico Statutes

§ 46-14-11 — No duty to monitor, inform or advise

New Mexico § 46-14-11

Ch. 46Fiduciaries and Trusts

Art. 14Uniform Directed Trust

This text of New Mexico § 46-14-11 (No duty to monitor, inform or advise) 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. § 46-14-11 (2026).

Text

A. Unless the terms of a trust provide otherwise:

(1)a trustee does not have a duty to:

(a)monitor a trust director; or (b) inform or give advice to a settlor, beneficiary, trustee or trust director concerning an instance in which the trustee might have acted differently than the director; and (2) by taking an action described in Paragraph (1) of this subsection, a trustee does not assume the duty excluded by that paragraph. B. Unless the terms of a trust provide otherwise:

(1)a trust director does not have a duty to:

(a)monitor a trustee or another trust director; or (b) inform or give advice to a settlor, beneficiary, trustee or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and (2) by taking

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A. Unless the terms of a trust provide otherwise: (1) a trustee does not have a duty to: (a) monitor a trust director; or (b) inform or give advice to a settlor, beneficiary, trustee or trust director concerning an instance in which the trustee might have acted differently than the director; and (2) by taking an action described in Paragraph (1) of this subsection, a trustee does not assume the duty excluded by that paragraph. B. Unless the terms of a trust provide otherwise: (1) a trust director does not have a duty to: (a) monitor a trustee or another trust director; or (b) inform or give advice to a settlor, beneficiary, trustee or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and (2) by taking an action described in Paragraph (1) of this subsection, a trust director does not assume the duty excluded by that paragraph.