Current through 2024, ch. 69
Section 46-11-307 - Impermissible appointmentA. Except as otherwise provided in Section 306 [46-11-306 NMSA 1978] of the Uniform Powers of Appointment Act, an exercise of a power of appointment in favor of an impermissible appointee is ineffective.B. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent the appointment is a fraud on the power.Laws 2016, ch. 69, § 307.Added by 2016, c. 69,s. 307, eff. 1/1/2017.