Personal obligations of trustee.

  1. Law
  2. New Mexico Statutes
  3. Uniform Trust Code
  4. Creditor's Claims; Spendthrift and Discretionary Trusts
  5. Personal obligations of trustee.

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Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

History: Laws 2003, ch. 122, § 5-507.

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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