Office of trust director.

  1. Law
  2. New Mexico Statutes
  3. Fiduciaries and Trusts
  4. Uniform Directed Trust
  5. Office of trust director.

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Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

A. acceptance under Section 46A-7-701 NMSA 1978;

B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978;

C. reasonable compensation under Section 46A-7-708 NMSA 1978;

D. resignation under Section 46A-7-705 NMSA 1978;

E. removal under Section 46A-7-706 NMSA 1978; and

F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.

History: Laws 2018, ch. 63, § 16.

ANNOTATIONS

Effective dates. — Laws 2018, ch. 63, § 25 makes Laws 2018, ch. 63, § 16 effective January 1, 2019.


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