New Mexico Statutes 46A-8-815. General powers of trustee
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A. A trustee, without authorization by the court, may exercise: (1) powers conferred by the terms of the trust; and
Terms Used In New Mexico Statutes 46A-8-815
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
(2) except as limited by the terms of the trust:
(a) all powers over the trust property that an unmarried competent owner has over individually owned property;
(b) any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and
1978].
(c) any other powers conferred by the Uniform Trust Code [46A-1-101 NMSA B. The exercise of a power is subject to the fiduciary duties prescribed by N.M. Stat. Ann. Chapter 46A, Article 8.