A powerholder shall not transfer a power of appointment. If a powerholder dies without exercising or releasing a power, the power lapses.
§ 46-11-202 NMSA 1978
Nontransferability
Known as the Uniform Powers of Appointment Act
The act spans §§ 46–46 (38 sections).
Laws 2016, ch. 69, § 202.
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.