Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.
§ 46-11-312 NMSA 1978
Disposition of unappointed property if partial appointment to taker in default
Known as the Uniform Powers of Appointment Act
The act spans §§ 46–46 (38 sections).
Laws 2016, ch. 69, § 312.
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.