Costs of administration.

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

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In administering a trust, the trustee may incur only costs that are reasonable in relation to the trust property, the purposes of the trust and the skills of the trustee.

History: Laws 2003, ch. 122, § 8-805.

ANNOTATIONS

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


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