GroundRules
← Search the law
New Mexico · Through 2024-04-26

46A-8-810: Recordkeeping and identification of trust property.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 46A - Uniform Trust Code
  2. ARTICLE 8 Duties and Powers of Trustee

A. A trustee shall keep adequate records of the administration of the trust.

B. A trustee shall keep trust property separate from the trustee's own property.

C. Except as otherwise provided in Subsection D of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

D. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

Collected 2026-09-03T15:02:19Z. Source file · JSON

Browse this collection