Impartiality.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Trust Administration
  5. Uniform Prudent Investor Act
  6. Impartiality.

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If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.

History: 1978 Comp., § 45-7-607, enacted by Laws 1995, ch. 210, § 88.

ANNOTATIONS

Effective dates. — Laws 1995, ch. 210, § 94 made the Uniform Prudent Investor Act effective July 1, 1995.


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