Remedy for breach of contract to appoint or not to appoint.

  1. Law
  2. New Mexico Statutes
  3. Fiduciaries and Trusts
  4. Uniform Powers of Appointment
  5. DISCLAIMER OR RELEASE; CONTRACT TO APPOINT OR NOT TO APPOINT
  6. Remedy for breach of contract to appoint or not to appoint.

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The remedy for a powerholder's breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract.

History: Laws 2016, ch. 69, § 407.

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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