Application of the Uniform Principal and Income Act to existing trusts and estates.

  1. Law
  2. New Mexico Statutes
  3. Fiduciaries and Trusts
  4. Uniform Principal and Income
  5. MISCELLANEOUS PROVISIONS
  6. Application of the Uniform Principal and Income Act to existing trusts and estates.

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The Uniform Principal and Income Act applies to every trust or decedent's estate existing on the effective date of that act, except as otherwise expressly provided in the will or terms of the trust or in that act.

History: Laws 2001, ch. 113, § 603.

ANNOTATIONS

Effective dates. — Laws 2001, ch. 113, § 605 made the Uniform Principal and Income Act effective July 1, 2001.


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