Express trusts of real or personal property may be created by will or by declaration of trust by any person naming this state or any of its political subdivisions, municipalities or agencies as the beneficiary thereof.
§ 46-4-1 NMSA 1978
Trusts for state or political subdivision authorized
1953 Comp., § 33-6-1, enacted by Laws 1957, ch. 171, § 1.
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.