Except as required by a statute other than the Uniform Trust Code [ 46A-1-101 NMSA 1978], a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.
§ 46A-4-407 NMSA 1978
Evidence of oral trust
Laws 2003, ch. 122, § 4 -407.
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.