New Mexico Statutes
§ 46A-10-1006 — Reliance on trust instrument
New Mexico § 46A-10-1006
JurisdictionNew Mexico
Ch. 46AUniform Trust Code
Art. 10Liability of Trustees and Rights of Persons Dealing
This text of New Mexico § 46A-10-1006 (Reliance on trust instrument) 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. § 46A-10-1006 (2026).
Text
A trustee who acts in reasonable reliance on the terms of the trust as expressed in the trust instrument is not liable to a beneficiary for a breach of trust to the extent the breach resulted from the reliance.
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Legislative History
Laws 2003, ch. 122, § 10-1005; recompiled as § 46A-10-1006 by Laws 2007,
Nearby Sections
15
§ 46A-1-101
Short title§ 46A-1-102
Scope§ 46A-1-103
Definitions§ 46A-1-104
Knowledge§ 46A-1-105
Default and mandatory rules§ 46A-1-106
Common law of trusts; principles of equity§ 46A-1-107
Governing law§ 46A-1-108
Principal place of administration§ 46A-1-109
Methods and waiver of notice§ 46A-1-110
Others treated as qualified beneficiaries§ 46A-1-111
Nonjudicial settlement agreements§ 46A-1-112
Rules of construction§ 46A-1-113
Insurable interest of trustee§ 46A-10-1001
Breach of trust§ 46A-10-1002
Damages for breach of trustCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 46A-10-1006, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/46A/46A-10-1006.