N.M. Stat. § 46-14-16

Current through 2024, ch. 69

Section 46-14-16 - Office of trust director

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

A. acceptance under Section 46A-7-701 NMSA 1978;

B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978;

C. reasonable compensation under Section 46A-7-708 NMSA 1978;

D. resignation under Section 46A-7-705 NMSA 1978;

E. removal under Section 46A-7-706 NMSA 1978; and

F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.

NMS § 46-14-16

Added by 2018, c. 63,s. 16, eff. 1/1/2019.