{"data":{"id":"us-nm/46a-5-502","jurisdiction":"us-nm","citation":"46A-5-502","heading":"Spendthrift provision.","body":"A. A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest.\nB. A term of a trust providing that the interest of a beneficiary is held subject to a \"spendthrift trust\", or words of similar import, is sufficient to restrain both voluntary and involuntary transfer of the beneficiary's interest.\nC. A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision and, except as otherwise provided in this article, a creditor or assignee of the beneficiary may not reach the interest or a distribution by the trustee before its receipt by the beneficiary.","path":["Chapter 46A - Uniform Trust Code","ARTICLE 5 Creditor's Claims; Spendthrift and Discretionary Trusts"],"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":"9438109c8aab592834d8e46e2ec98aeb7767d5ae8d14a917e60f06bc2dcd53ee","source_id":"us-nm","stale":false,"prev":"us-nm/46a-5-501","next":"us-nm/46a-5-503"},"notice":"GroundRules: Original legal text. Not legal advice."}