Combination and division of trusts.

  1. Law
  2. New Mexico Statutes
  3. Uniform Trust Code
  4. Creation, Validity, Modification and Termination of Trust
  5. Combination and division of trusts.

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After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.

History: Laws 2003, ch. 122, § 4-417.

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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