{"data":{"id":"us-nm/46-11-406","jurisdiction":"us-nm","citation":"46-11-406","heading":"Power to contract; power of appointment not presently exercisable.","body":"A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:\nA. is also the donor of the power; and\nB. has reserved the power in a revocable trust.","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":"47ec5f92d235e3baaa23e16897c8a64e1ade2b6efad4875be4cc8dafb6f8578f","source_id":"us-nm","stale":false,"prev":"us-nm/46-11-405","next":"us-nm/46-11-407"},"notice":"GroundRules: Original legal text. Not legal advice."}