Evidence of oral trust.

  1. Law
  2. New Mexico Statutes
  3. Uniform Trust Code
  4. Creation, Validity, Modification and Termination of Trust
  5. Evidence of oral trust.

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Except as required by a statute other than the Uniform Trust Code [46A-1-101 NMSA 1978], a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.

History: Laws 2003, ch. 122, § 4-407.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.

Law reviews. — For article, "The New Mexico Uniform Trust Code," see 34 N.M.L. Rev. 1 (2004).


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