In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust and the skills of the trustee.
§ 45-7-608 NMSA 1978
Investment costs
1978 Comp., § 45-7-608, enacted by Laws 1995, ch. 210, § 89.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.