N.M. Stat. § 46A-10-1007

Current through 2024, ch. 69

Section 46A-10-1007 - Event affecting administration or distribution

If the happening of an event, including marriage, divorce, performance of educational requirements or death, affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge.

NMS § 46A-10-1007

Laws 2003, ch. 122, § 10 -1006; recompiled as § 46A-10-1007 by Laws 2007, ch. 128, § 30.