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§ 46A-1-107 NMSA 1978

Governing law

Known as the Uniform Trust Code

The act spans §§ 46A-1-101 to 46A-1-113 (13 sections).

Laws 2003, ch. 122, § 1 -107; 2007, ch. 128, § 5; 2011, ch. 124, § 94.

The meaning and effect of the terms of a trust are determined by:

A. the law of the jurisdiction designated in the terms unless the designation of that jurisdiction's law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or

B. in the absence of a controlling designation in the terms of the trust, the law of the jurisdiction having the most significant relationship to the matter at issue.

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.