{"data":{"id":"us-nm/46a-10-1010","jurisdiction":"us-nm","citation":"46A-10-1010","heading":"Limitation on personal liability of trustee.","body":"A. Except as otherwise provided in the contract, a trustee is not personally liable on a contract properly entered into in the trustee's fiduciary capacity in the course of administering the trust if the trustee in the contract disclosed the fiduciary capacity.\nB. A trustee is personally liable for torts committed in the course of administering a trust, or for obligations arising from ownership or control of trust property, including liability for violation of environmental law, only if the trustee is personally at fault.\nC. A claim based on a contract entered into by a trustee in the trustee's fiduciary capacity, on an obligation arising from ownership or control of trust property, or on a tort committed in the course of administering a trust, may be asserted in a judicial proceeding against the trustee in the trustee's fiduciary capacity, whether or not the trustee is personally liable for the claim.","path":["Chapter 46A - Uniform Trust Code","ARTICLE 10 Liability of Trustees and Rights of Persons Dealing with Trustees"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18548/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1a0f9dafc00d8ca07eb0c8d6895999a9f55bc17b07677d0d803d3d253e04f95b","source_id":"us-nm","stale":false,"prev":"us-nm/46a-10-1009","next":"us-nm/46a-10-1011"},"notice":"GroundRules: Original legal text. Not legal advice."}