The Uniform Principal and Income Act applies to every trust or decedent's estate existing on the effective date of that act, except as otherwise expressly provided in the will or terms of the trust or in that act.
§ 46-3A-603 NMSA 1978
Application of the Uniform Principal and Income Act to existing trusts and estates
Known as the Uniform Principal and Income Act
The act spans §§ 46–46 (42 sections).
Laws 2001, ch. 113, § 603.
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.