State Codes and Statutes

Statutes > New-mexico > Chapter-45 > Article-7 > Section-45-7-612

45-7-612. Application to existing trusts.

The Uniform Prudent Investor Act [45-7-601 NMSA 1978] applies to trusts existing on and created after its effective date. As applied to trusts existing on its effective date, the Uniform Prudent Investor Act governs only decisions or actions occurring after that date.

State Codes and Statutes

Statutes > New-mexico > Chapter-45 > Article-7 > Section-45-7-612

45-7-612. Application to existing trusts.

The Uniform Prudent Investor Act [45-7-601 NMSA 1978] applies to trusts existing on and created after its effective date. As applied to trusts existing on its effective date, the Uniform Prudent Investor Act governs only decisions or actions occurring after that date.