Custodial Trusts

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Trust Administration
  5. Custodial Trusts

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Section
45-7-501

Short title.

Section
45-7-502

Definitions.

Section
45-7-503

Custodial trust; general.

Section
45-7-504

Custodial trustee for future payment or transfer.

Section
45-7-505

Form and effect of receipt and acceptance by custodial trustee; jurisdiction.

Section
45-7-506

Transfer to custodial trustee by fiduciary or obligor; facility of payment.

Section
45-7-507

Multiple beneficiaries; separate custodial trusts; survivorship.

Section
45-7-508

General duties of custodial trustee.

Section
45-7-509

General powers of custodial trustee.

Section
45-7-510

Use of custodial trust property.

Section
45-7-511

Determination of incapacity; effect.

Section
45-7-512

Exemption of third person from liability.

Section
45-7-513

Liability to third person.

Section
45-7-514

Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee.

Section
45-7-515

Expenses, compensation and bond of custodial trustee.

Section
45-7-516

Reporting and accounting by custodial trustee; determination of liability of custodial trustee.

Section
45-7-517

Limitations of action against custodial trustee.

Section
45-7-518

Distribution on termination.

Section
45-7-519

Methods and forms for creating custodial trusts.

Section
45-7-520

Applicable law.

Section
45-7-521

Uniformity of application and construction.

Section
45-7-522

Severability.