N.M. Stat. § 46-14-13

Current through 2024, ch. 69
Section 46-14-13 - Limitation of action against trust director
A. An action against a trust director for breach of trust shall be commenced within the same limitation period provided for in Section 46A-10-1005 NMSA 1978 for an action for breach of trust against a trustee in a like position and under similar circumstances.
B. A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under Section 46A-10-1005 NMSA 1978 in an action for breach of trust against a trustee in a like position and under similar circumstances.

NMS § 46-14-13

Added by 2018, c. 63,s. 13, eff. 1/1/2019.