{"data":{"id":"us-nm/46-11-311","jurisdiction":"us-nm","citation":"46-11-311","heading":"Disposition of unappointed property under released or unexercised nongeneral power.","body":"To the extent a powerholder releases, ineffectively exercises or fails to exercise a nongeneral power of appointment:\nA. the gift-in-default clause controls the disposition of the unappointed property; or\nB. if there is no gift-in-default clause or to the extent that the clause is ineffective, the unappointed property:\n(1) passes to the permissible appointees if:\n(a) the permissible appointees are defined and limited; and\n(b) the terms of the instrument creating the power do not manifest a contrary intent; 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":"19a5068d4e343c9c563754f9326587f2ceef95d4067b89a57b9fdffc59fbdccf","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-310","next":"us-nm/46-11-312"},"notice":"GroundRules: Original legal text. Not legal advice."}