{"data":{"id":"us-nm/46-11-302","jurisdiction":"us-nm","citation":"46-11-302","heading":"Intent to exercise; determining intent from residuary clause.","body":"A. As used in this section:\n(1) \"residuary clause\" does not include a residuary clause containing a blanket-exercise clause or a specific-exercise clause; and\n(2) \"will\" includes a codicil and a testamentary instrument that revises another will.\nB. A residuary clause in a powerholder's will, or a comparable clause in the powerholder's revocable trust, manifests the powerholder's intent to exercise a power of appointment only if:\n(1) the terms of the instrument containing the residuary clause do not manifest a contrary intent;\n(2) the power is a general power exercisable in favor of the powerholder's estate;\n(3) there is no gift-in-default clause or the gift-in-default clause is ineffective; and\n(4) the powerholder did not release 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":"4aa38861278109d307bf619a20ff7d11eeff53ec06e156d35a13783e63e13247","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-301","next":"us-nm/46-11-303"},"notice":"GroundRules: Original legal text. Not legal advice."}