N.M. Stat. § 45-2-1110

Current through 2024, ch. 69
Section 45-2-1110 - Disclaimer by appointee, object or taker in default of exercise of power of appointment
A. A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument by which the holder exercises the power becomes irrevocable.
B. A disclaimer of an interest in property by an object or taker in default of an exercise of a power of appointment takes effect as of the time the instrument creating the power becomes irrevocable.

NMS § 45-2-1110

Laws 2001, ch. 290, § 10; 1978 Comp., § 46-10-10 recompiled as § 45-2-1110 by Laws 2011, ch. 124, § 101.
Laws 2001, ch. 290, § 10; 1978 Comp., §46-10-10 recompiled as § 45-2-1110 by Laws 2011, ch. 124, § 101.
Renumbered from §46-10-10 and amended by 2011, c. 124,s. 91, eff. 1/1/2012.