N.M. Stat. § 46-11-405

Current through 2024, ch. 69

Section 46-11-405 - Power to contract; presently exercisable power of appointment

A powerholder of a presently exercisable power of appointment may contract:

A. not to exercise the power; or

B. to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

NMS § 46-11-405

Laws 2016, ch. 69, § 405.

Added by 2016, c. 69,s. 405, eff. 1/1/2017.