{"data":{"id":"us-nm/46a-10-1012","jurisdiction":"us-nm","citation":"46A-10-1012","heading":"Protection of person dealing with trustee.","body":"A. A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee's powers is protected from liability as if the trustee properly exercised the power.\nB. A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise.\nC. A person who in good faith delivers assets to a trustee need not ensure their proper application.\nD. A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated, is protected from liability as if the former trustee were still a trustee.\nE. Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","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":"38d06dc67899bab3ba60051310a75c490f5a5072926c0ace4809343d43cb8298","source_id":"us-nm","stale":false,"prev":"us-nm/46a-10-1011","next":"us-nm/46a-10-1013"},"notice":"GroundRules: Original legal text. Not legal advice."}