A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of the jurisdiction in which, at the time of creation:

1. A. the settlor was domiciled, had a place of abode or was a national;
2. B. a trustee was domiciled or had a place of business; or
3. C. any trust property was located.

History: Laws 2003, ch. 122, § 4-403.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.

Law reviews. — For article, "The New Mexico Uniform Trust Code," see 34 N.M.L. Rev. 1 (2004).