2021 New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 8 - Duties and Powers of Trustee

Section 46A-8-801 - Duty to administer trust. - Upon acceptance of a trusteeship, the trustee shall administer the...

Section 46A-8-802 - Duty of loyalty. - A. A trustee shall administer the trust solely in the...

Section 46A-8-803 - Impartiality. - If a trust has two or more beneficiaries, the trustee...

Section 46A-8-804 - Prudent administration. - A trustee shall administer the trust as a prudent person...

Section 46A-8-805 - Costs of administration. - In administering a trust, the trustee may incur only costs...

Section 46A-8-806 - Trustee's skills. - A trustee who has special skills or expertise, or is...

Section 46A-8-807 - Delegation by trustee. - A. A trustee may delegate duties and powers that a...

Section 46A-8-808 - Repealed. - History: Laws 2003, ch. 122, § 8-808; repealed by Laws...

Section 46A-8-809 - Control and protection of trust property. - A trustee shall take reasonable steps to take control of...

Section 46A-8-810 - Recordkeeping and identification of trust property. - A. A trustee shall keep adequate records of the administration...

Section 46A-8-811 - Enforcement and defense of claims. - A trustee shall take reasonable steps to enforce claims of...

Section 46A-8-812 - Collecting trust property. - A trustee shall take reasonable steps to compel a former...

Section 46A-8-813 - Duty to inform and report. - A. A trustee shall keep the qualified beneficiaries of the...

Section 46A-8-814 - Discretionary powers; tax savings. - A. Notwithstanding the breadth of discretion granted to a trustee...

Section 46A-8-815 - General powers of trustee. - A. A trustee, without authorization by the court, may exercise:...

Section 46A-8-816 - Specific powers of trustee. - Without limiting the authority conferred by Section 8-815 [46A-8-815 NMSA...

Section 46A-8-817 - Distribution upon termination. - A. Upon termination or partial termination of a trust, the...