A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 10 [ 46-7-20 NMSA 1978] of the Uniform Transfers to Minors Act.
§ 46-7-15 NMSA 1978
Transfer by gift or exercise of power of appointment
Known as the Uniform Transfers to Minors Act
The act spans §§ 46–46 (25 sections).
Laws 1989, ch. 357, § 5.
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.