N.M. Stat. § 46-11-203

Current through 2024, ch. 69

Section 46-11-203 - Presumption of unlimited authority

Subject to Section 205 [46-11-205 NMSA 1978] of the Uniform Powers of Appointment Act, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

A. presently exercisable;

B. exclusionary; and

C. except as otherwise provided in Section 204 [46-11-204 NMSA 1978] of the Uniform Powers of Appointment Act, general.

NMS § 46-11-203

Laws 2016, ch. 69, § 203.

Added by 2016, c. 69,s. 203, eff. 1/1/2017.