New Mexico § 46A-7-702 Trustee's bond

New Mexico Statutes

§ 46A-7-702 — Trustee's bond

New Mexico § 46A-7-702

Ch. 46AUniform Trust Code

Art. 7Office of Trustee

This text of New Mexico § 46A-7-702 (Trustee's bond) 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-7-702 (2026).

Text

A.A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.

B.The court may specify the amount of a bond, its liabilities and whether sureties are necessary. The court may modify or terminate a bond at any time.

C.A regulated financial service institution qualified to do trust business in New Mexico need not give bond, even if required by the terms of the trust.

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A. A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement. B. The court may specify the amount of a bond, its liabilities and whether sureties are necessary. The court may modify or terminate a bond at any time. C. A regulated financial service institution qualified to do trust business in New Mexico need not give bond, even if required by the terms of the trust.