N.M. Stat. § 46A-1-107

Current through 2024, ch. 69
Section 46A-1-107 - Governing law

The meaning and effect of the terms of a trust are determined by:

A. the law of the jurisdiction designated in the terms unless the designation of that jurisdiction's law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or
B. in the absence of a controlling designation in the terms of the trust, the law of the jurisdiction having the most significant relationship to the matter at issue.

NMS § 46A-1-107

Laws 2003, ch. 122, § 1 -107; 2007, ch. 128, § 5; 2011, ch. 124, § 94.
Amended by 2011, c. 124,s. 94, eff. 1/1/2012.