The instruments creating such express trusts shall be executed in such a manner as to be admitted to probate, if a will, and to recordation in the office of the county clerk in which the trust property is located if a declaration of trust, but they shall be of no effect or force until approved and accepted and endorsed to that effect by the beneficiary and either admitted to probate or filed of record by the clerk of the county where the trust property is located.
History: 1953 Comp., § 33-6-3, enacted by Laws 1957, ch. 171, § 3.
Cross references. — For the requirements for recording instruments, see 14-8-4 NMSA 1978.
For the execution of a will, see 45-2-502 NMSA 1978.
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.