§ 46-14-1 Short title
§ 46-14-2 Definitions
§ 46-14-3 Application; principal place of administration
§ 46-14-4 Common law and principles of equity
§ 46-14-5 Exclusions
§ 46-14-6 Powers of trust director
§ 46-14-7 Limitations on trust director
§ 46-14-8 Duty and liability of trust director
§ 46-14-9 Duty and liability of directed trustee
§ 46-14-10 Duty to provide information to trust director or trustee
§ 46-14-11 No duty to monitor, inform or advise
§ 46-14-12 Application to cotrustee [co-trustee]
§ 46-14-13 Limitation of action against trust director
§ 46-14-14 Defenses in action against trust director
§ 46-14-15 Jurisdiction over trust director
§ 46-14-16 Office of trust director
§ 46-14-17 Uniformity of application and construction
§ 46-14-18 Relation to Electronic Signatures in Global and National
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Terms Used In New Mexico Statutes > Chapter 46 > Article 14 - Uniform Directed Trust

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testator: A male person who leaves a will at death.
  • Trustee: A person or institution holding and administering property in trust.