{"data":{"id":"us-nm/46-11-309","jurisdiction":"us-nm","citation":"46-11-309","heading":"Capture doctrine; disposition of ineffectively appointed property under general power.","body":"To the extent a powerholder of a general power of appointment, other than a power to withdraw property from, revoke or amend a trust, makes an ineffective appointment:\nA. the gift-in-default clause controls the disposition of the ineffectively appointed property; or\nB. if there is no gift-in-default clause or to the extent the clause is ineffective, the ineffectively appointed property:\n(1) passes to:\n(a) the powerholder if the powerholder is a permissible appointee and is living; or\n(b) if the powerholder is an impermissible appointee or deceased, the powerholder's estate if the estate is a permissible appointee; or\n(2) if there is no taker under Paragraph (1) of this subsection, passes under a reversionary interest to the donor or the donor's transferee or successor in interest.","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":"c0f57affa92fa71ac14d4697e7755ff8b4c4552df9744eec3e236ab85134e45f","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-308","next":"us-nm/46-11-310"},"notice":"GroundRules: Original legal text. Not legal advice."}