New Mexico Statutes
§ 46A-8-810 — Recordkeeping and identification of trust property
A.A trustee shall keep adequate records of the administration of the trust.
B.A trustee shall keep trust property separate from the trustee's own property.
C.Except as otherwise provided in Subsection D of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
D.If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.
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New Mexico § 46A-8-810 (Recordkeeping and identification of trust property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2003, ch. 122, § 8-810.
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 trust