Nontransferability.

  1. Law
  2. New Mexico Statutes
  3. Fiduciaries and Trusts
  4. Uniform Powers of Appointment
  5. CREATION, REVOCATION AND AMENDMENT OF POWER OF APPOINTMENT
  6. Nontransferability.

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A powerholder shall not transfer a power of appointment. If a powerholder dies without exercising or releasing a power, the power lapses.

History: Laws 2016, ch. 69, § 202.

ANNOTATIONS

Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.


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