The terms of a trust may relieve a cotrustee [co-trustee] from duty and liability with respect to another cotrustee's [co-trustee's] exercise or nonexercise of a power of the other cotrustee [co-trustee] to the same extent that, in a directed trust, a directed trustee is relieved from duty and liability with respect to a trust director's power of direction under Sections 9 through 11 [46-14-9 to 46-14-11 NMSA 1978] of the Uniform Directed Trust Act.
History: Laws 2018, ch. 63, § 12.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Effective dates. — Laws 2018, ch. 63, § 25 makes Laws 2018, ch. 63, § 12 effective January 1, 2019.