{"data":{"id":"us-nm/45-7-509","jurisdiction":"us-nm","citation":"45-7-509","heading":"General powers of custodial trustee.","body":"A. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fudiciary [fiduciary] capacity only.\nB. This section does not relieve a custodial trustee from liability for a violation of Section 45-7-508 NMSA 1978.","path":["Chapter 45 - Uniform Probate Code","ARTICLE 7 Trust Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"03f2e25d73328d0085febc856c3eb9e9047ca9508536c6213dfa1fc914198f25","source_id":"us-nm","stale":false,"prev":"us-nm/45-7-508","next":"us-nm/45-7-510"},"notice":"GroundRules: Original legal text. Not legal advice."}