N.M. Stat. § 46-12-120

Current through 2024, ch. 69
Section 46-12-120 - Duration of second trust
A. Subject to Subsection B of this section, a second trust may have a duration that is the same as or different from the duration of the first trust.
B. To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any maximum perpetuity, accumulation or suspension-of-the-power-of-alienation rules that apply to property of the first trust.

NMS § 46-12-120

Laws 2016, ch. 72, § 1 -120.
Added by 2016, c. 72,s. 1-120, eff. 1/1/2017.