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New Mexico Statutes Annotated 1978

7

Trust Administration

State of New Mexico

45-7-105Registration; qualification of foreign trustee 45-7-501Short title 45-7-502Definitions 45-7-503Custodial trust; general 45-7-504Custodial trustee for future payment or transfer 45-7-505Form and effect of receipt and acceptance by custodial trustee; jurisdiction 45-7-506Transfer to custodial trustee by fiduciary or obligor; facility of payment 45-7-507Multiple beneficiaries; separate custodial trusts; survivorship 45-7-508General duties of custodial trustee 45-7-509General powers of custodial trustee 45-7-510Use of custodial trust property 45-7-511Determination of incapacity; effect 45-7-512Exemption of third person from liability 45-7-513Liability to third person 45-7-514Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee 45-7-515Expenses, compensation and bond of custodial trustee 45-7-516Reporting and accounting by custodial trustee; determination of liability of custodial trustee 45-7-517Limitations of action against custodial trustee 45-7-518Distribution on termination 45-7-519Methods and forms for creating custodial trusts 45-7-520Applicable law 45-7-521Uniformity of application and construction 45-7-522Severability 45-7-601Short title 45-7-602Prudent investor rule 45-7-603Standard of care; portfolio strategy; risk and return objectives 45-7-604Diversification 45-7-605Duties at inception of trusteeship 45-7-606Loyalty 45-7-607Impartiality 45-7-608Investment costs 45-7-609Reviewing compliance 45-7-610Delegation of investment and management functions 45-7-611Language invoking standard 45-7-612Application to existing trusts