N.M. Stat. § 46-11-406

Current through 2024, ch. 69

Section 46-11-406 - Power to contract; power of appointment not presently exercisable

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

A. is also the donor of the power; and

B. has reserved the power in a revocable trust.

NMS § 46-11-406

Laws 2016, ch. 69, § 406.

Added by 2016, c. 69,s. 406, eff. 1/1/2017.