N.M. Stat. § 46A-10-1003

Current through 2024, ch. 69
Section 46A-10-1003 - Damages in absence of breach
A. A trustee is accountable to an affected beneficiary for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust.
B. Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit.

NMS § 46A-10-1003

Laws 2003, ch. 122, § 10 -1003.