In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee.
§ 46-14-14 NMSA 1978
Defenses in action against trust director
Known as the Uniform Directed Trust Act
The act spans §§ 46–46 (18 sections).
Laws 2018, ch. 63, § 14.
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.