{"data":{"id":"us-nm/46-11-405","jurisdiction":"us-nm","citation":"46-11-405","heading":"Power to contract; presently exercisable power of appointment.","body":"A powerholder of a presently exercisable power of appointment may contract:\nA. not to exercise the power; or\nB. to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.","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":"061573be4e9acac944b604d00c09b7333b72c785df3a24954bf8df059461cc0d","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-404","next":"us-nm/46-11-406"},"notice":"GroundRules: Original legal text. Not legal advice."}