Express trusts of real or personal property may be created by will or by declaration of trust by any person naming this state or any of its political subdivisions, municipalities or agencies as the beneficiary thereof.
History: 1953 Comp., § 33-6-1, enacted by Laws 1957, ch. 171, § 1.
Structure New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 4 - State Beneficiary Trusts
Section 46-4-1 - Trusts for state or political subdivision authorized.
Section 46-4-2 - Acceptance by beneficiary.
Section 46-4-3 - Instruments to be recorded.
Section 46-4-5 - Trust purposes.
Section 46-4-6 - Funds to carry out trust.
Section 46-4-7 - Lease of property.