New Mexico Statutes 45-7-608. Investment costs
Current as of: 2023 | Check for updates
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In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust and the skills of the trustee.
Terms Used In New Mexico Statutes 45-7-608
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.