New Mexico Statutes 46-12-127. Obligations
Current as of: 2023 | Check for updates
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A debt, liability or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the second trust after exercise of the decanting power.
Terms Used In New Mexico Statutes 46-12-127
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.