New Mexico § 46-3A-501 Disbursements from income

New Mexico Statutes

§ 46-3A-501 — Disbursements from income

New Mexico § 46-3A-501

Ch. 46Fiduciaries and Trusts

Art. 5ALLOCATION OF DISBURSEMENTS

This text of New Mexico § 46-3A-501 (Disbursements from income) 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. § 46-3A-501 (2026).

Text

A trustee shall make the following disbursements from income to the extent that they are not disbursements to which Section 201(2)(B) or (C) [46-3A-201 NMSA 1978] applies:

(1)one-half of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee;

(2)one-half of all expenses for accountings, judicial proceedings or other matters that involve both the income and remainder interests;

(3)all of the other ordinary expenses incurred in connection with the administration, management or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal and expenses of a proceeding or other matter that concerns primarily the income interest; and

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

A trustee shall make the following disbursements from income to the extent that they are not disbursements to which Section 201(2)(B) or (C) [46-3A-201 NMSA 1978] applies: (1) one-half of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; (2) one-half of all expenses for accountings, judicial proceedings or other matters that involve both the income and remainder interests; (3) all of the other ordinary expenses incurred in connection with the administration, management or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal and expenses of a proceeding or other matter that concerns primarily the income interest; and (4) recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.