New Mexico § 46-14-16 Office of trust director

New Mexico Statutes

§ 46-14-16 — Office of trust director

New Mexico § 46-14-16

Ch. 46Fiduciaries and Trusts

Art. 14Uniform Directed Trust

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Bluebook

N.M. Stat. Ann. § 46-14-16 (2026).

Text

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: A. acceptance under Section 46A-7-701 NMSA 1978; B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978; C. reasonable compensation under Section 46A-7-708 NMSA 1978; D. resignation under Section 46A-7-705 NMSA 1978; E. removal under Section 46A-7-706 NMSA 1978; and F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.

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Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: A. acceptance under Section 46A-7-701 NMSA 1978; B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978; C. reasonable compensation under Section 46A-7-708 NMSA 1978; D. resignation under Section 46A-7-705 NMSA 1978; E. removal under Section 46A-7-706 NMSA 1978; and F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.