Impartiality.

  1. Law
  2. New Mexico Statutes
  3. Uniform Trust Code
  4. Duties and Powers of Trustee
  5. Impartiality.

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If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing and distributing the trust property, giving due regard to the beneficiaries' respective interests.

History: Laws 2003, ch. 122, § 8-803.

ANNOTATIONS

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


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