Chapter 46, Article 3A NMSA 1978 may be cited as the "Uniform Principal and Income Act".
History: Laws 2001, ch. 113, § 101; 2011, ch. 124, § 86.
The 2011 amendment, effective January 1, 2012, changed the statutory reference to the act.
Law reviews. — For article, "Intestate Succession and Wills Law: The New Probate Code," see 6 N.M. L. Rev. 25 (1975).
For survey, "Article VII of the New Probate Code: In Pursuit of Uniform Trust Administration," see 6 N.M. L. Rev. 213 (1976).
Am. Jur. 2d, A.L.R. and C.J.S. references. — Constitutionality of retrospective application of Uniform Principal and Income Act or other statutes relating to ascertainment of principal and income and apportionment of receipts and expenses among life tenants and remaindermen, 69 A.L.R.2d 1137.
90 C.J.S. Trusts § 355.
Structure New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 3A - Uniform Principal and Income
Article 1 - DEFINITIONS AND FIDUCIARY DUTIES
Section 46-3A-101 - Short title.
Section 46-3A-102 - Definitions.
Section 46-3A-103 - Fiduciary duties; general principles.
Section 46-3A-104 - Trustee's power to adjust.
Section 46-3A-105 - Conversion to total return trust.
Section 46-3A-106 - Administration of total return trust.
Section 46-3A-107 - Determination of matters in administration.
Section 46-3A-108 - Distribution of total return trust.
Section 46-3A-109 - Restrictions on distributions.