{"data":{"id":"us-nm/46a-5-506","jurisdiction":"us-nm","citation":"46A-5-506","heading":"Overdue distribution.","body":"A. Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the designated distribution date.\nB. As used in this section, \"mandatory distribution\" means a distribution of income or principal that the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. \"Mandatory distribution\" does not include a distribution subject to the exercise of the trustee's discretion even if the discretion is expressed in the form of a standard of distribution or the terms of the trust authorizing distribution combine language of discretion with language of direction.","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":"11653f54b951b7184c5b9e5ad2c9a9ec938048e8a45121e9c657cd1ef39f3505","source_id":"us-nm","stale":false,"prev":"us-nm/46a-5-505","next":"us-nm/46a-5-507"},"notice":"GroundRules: Original legal text. Not legal advice."}