Transfer by gift or exercise of power of appointment.

  1. Law
  2. New Mexico Statutes
  3. Fiduciaries and Trusts
  4. Transfers to Minors
  5. Transfer by gift or exercise of power of appointment.

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A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 10 [46-7-20 NMSA 1978] of the Uniform Transfers to Minors Act.

History: Laws 1989, ch. 357, § 5.


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