The rules of construction that apply in this state to the interpretation of and disposition of property by will also apply as appropriate to the interpretation of the terms of a trust and the disposition of the trust property.
History: Laws 2003, ch. 122, § 1-112.
Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.
Law reviews. — For article, "The New Mexico Uniform Trust Code," see 34 N.M.L. Rev. 1 (2004).
Structure New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 1 - General Provisions and Definitions
Section 46A-1-101 - Short title.
Section 46A-1-103 - Definitions.
Section 46A-1-104 - Knowledge.
Section 46A-1-105 - Default and mandatory rules.
Section 46A-1-106 - Common law of trusts; principles of equity.
Section 46A-1-107 - Governing law.
Section 46A-1-108 - Principal place of administration.
Section 46A-1-109 - Methods and waiver of notice.
Section 46A-1-110 - Others treated as qualified beneficiaries.
Section 46A-1-111 - Nonjudicial settlement agreements.