{"data":{"id":"us-nm/46-11-301","jurisdiction":"us-nm","citation":"46-11-301","heading":"Requisites for exercise of power of appointment.","body":"A power of appointment is exercised only:\nA. if the instrument exercising the power is valid under applicable law; and\nB. if the terms of the instrument exercising the power:\n(1) manifest the powerholder's intent to exercise the power; and\n(2) subject to Section 304 [46-11-304 NMSA 1978] of the Uniform Powers of Appointment Act, satisfy the requirements of exercise, if any, imposed by the donor; and\nC. to the extent the appointment is a permissible exercise of the power.","path":["Chapter 46 - Fiduciaries and Trusts","ARTICLE 11 Uniform Powers of Appointment"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18547/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"a8402ba0c05c0cec4b90f578fb806ccdb023e5ee9e50c8b3148d6f191a7f9d37","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-206","next":"us-nm/46-11-302"},"notice":"GroundRules: Original legal text. Not legal advice."}