N.M. Stat. § 46A-10-1006

Current through 2024, ch. 69

Section 46A-10-1006 - Reliance on trust instrument

A trustee who acts in reasonable reliance on the terms of the trust as expressed in the trust instrument is not liable to a beneficiary for a breach of trust to the extent the breach resulted from the reliance.

NMS § 46A-10-1006

Laws 2003, ch. 122, § 10 -1005; recompiled as § 46A-10-1006 by Laws 2007, ch. 128, § 30.