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ARTICLE 1 General Provisions and Definitions
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  46A-1-101. Short title.
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  46A-1-102. Scope.
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  46A-1-103. Definitions.
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  46A-1-104. Knowledge.
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  46A-1-105. Default and mandatory rules.
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  46A-1-106. Common law of trusts; principles of equity.
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  46A-1-107. Governing law.
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  46A-1-108. Principal place of administration.
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  46A-1-109. Methods and waiver of notice.
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  46A-1-110. Others treated as qualified beneficiaries.
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  46A-1-111. Nonjudicial settlement agreements.
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  46A-1-112. Rules of construction.
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  46A-1-113. Insurable interest of trustee.
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ARTICLE 2 Judicial Proceedings
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  46A-2-201. Role of court in administration of trust.
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  46A-2-202. Jurisdiction over trustee and beneficiary.
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  46A-2-203. Subject-matter jurisdiction.
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  46A-2-204. Venue.
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ARTICLE 3 Representation
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  46A-3-301. Representation; basic effect.
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  46A-3-302. Representation by holder of general testamentary power of appointment.
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  46A-3-303. Representation by fiduciaries and parents.
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  46A-3-304. Representation by person having substantially identical interest.
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  46A-3-305. Appointment of representative.
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ARTICLE 4 Creation, Validity, Modification and Termination of Trust
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  46A-4-401. Methods of creating trust.
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  46A-4-402. Requirements for creation.
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  46A-4-403. Trusts created in other jurisdictions.
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  46A-4-404. Trust purposes.
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  46A-4-405. Charitable purposes; enforcement.
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  46A-4-406. Creation of trust induced by fraud, duress or undue influence.
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  46A-4-407. Evidence of oral trust.
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  46A-4-408. Trust for care of animal.
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  46A-4-409. Noncharitable trust without ascertainable beneficiary.
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  46A-4-410. Modification or termination of trust; proceedings for approval or disapproval.
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  46A-4-411. Modification or termination of noncharitable irrevocable trust by consent.
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  46A-4-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
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  46A-4-413. Cy pres.
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  46A-4-414. Termination of uneconomic trust.
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  46A-4-415. Reformation to correct mistakes.
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  46A-4-416. Modification to achieve settlor's tax objectives.
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  46A-4-417. Combination and division of trusts.
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ARTICLE 5 Creditor's Claims; Spendthrift and Discretionary Trusts
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  46A-5-501. Rights of beneficiary's creditor or assignee.
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  46A-5-502. Spendthrift provision.
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  46A-5-503. Exceptions to spendthrift provision.
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  46A-5-504. Discretionary trusts; effect of standard.
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  46A-5-505. Creditor's claim against settlor.
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  46A-5-506. Overdue distribution.
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  46A-5-507. Personal obligations of trustee.
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ARTICLE 6 Revocable Trusts
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  46A-6-601. Capacity of settlor of revocable trust.
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  46A-6-602. Revocation or amendment of revocable trust.
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  46A-6-603. Settlor's powers; powers of withdrawal.
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  46A-6-604. Limitation on action contesting validity of revocable trust; distribution of trust property.
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ARTICLE 7 Office of Trustee
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  46A-7-701. Accepting or declining trusteeship.
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  46A-7-702. Trustee's bond.
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  46A-7-703. Co-trustees.
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  46A-7-704. Vacancy in trusteeship; appointment of successor.
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  46A-7-705. Resignation of trustee.
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  46A-7-706. Removal of trustee.
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  46A-7-707. Delivery of property by former trustee.
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  46A-7-708. Compensation of trustee.
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  46A-7-709. Reimbursement of expenses.
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ARTICLE 8 Duties and Powers of Trustee
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  46A-8-801. Duty to administer trust.
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  46A-8-802. Duty of loyalty.
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  46A-8-803. Impartiality.
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  46A-8-804. Prudent administration.
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  46A-8-805. Costs of administration.
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  46A-8-806. Trustee's skills.
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  46A-8-807. Delegation by trustee.
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  46A-8-808. Powers to direct.
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  46A-8-809. Control and protection of trust property.
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  46A-8-810. Recordkeeping and identification of trust property.
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  46A-8-811. Enforcement and defense of claims.
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  46A-8-812. Collecting trust property.
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  46A-8-813. Duty to inform and report.
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  46A-8-814. Discretionary powers; tax savings.
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  46A-8-815. General powers of trustee.
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  46A-8-816. Specific powers of trustee.
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  46A-8-817. Distribution upon termination.
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ARTICLE 9 Reserved
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ARTICLE 10 Liability of Trustees and Rights of Persons Dealing with Trustees
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  46A-10-1001. Breach of trust.
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  46A-10-1002. Damages for breach of trust.
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  46A-10-1003. Damages in absence of breach.
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  46A-10-1004. Attorney fees and costs.
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  46A-10-1005. Limitation of action against trustee.
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  46A-10-1006. Reliance on trust instrument.
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  46A-10-1007. Event affecting administration or distribution.
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  46A-10-1008. Exculpation of trustee.
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  46A-10-1009. Beneficiary's consent, release or ratification.
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  46A-10-1010. Limitation on personal liability of trustee.
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  46A-10-1011. Interest as general partner.
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  46A-10-1012. Protection of person dealing with trustee.
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  46A-10-1013. Certification of trust.
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ARTICLE 11 Miscellaneous Provisions
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  46A-11-1101. Uniformity of application and construction.
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  46A-11-1102. Electronic records and signatures.
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  46A-11-1103. Severability.
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  46A-11-1104. Application to existing relationships.
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  46A-11-1105. Application to existing relationships.
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Historical New Mexico Statutes Annotated 1978

Decision Information

Chapter 46A - Uniform Trust Code (2014)

Collection	Historical New Mexico Statutes Annotated 1978
File Number	Chapter 46A NMSA 1978

Decision Content

Footnotes