N.M. Stat. § 46-11-308

Current through 2024, ch. 69
Section 46-11-308 - Selective allocation doctrine

If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the powerholder's intent.

NMS § 46-11-308

Laws 2016, ch. 69, § 308.
Added by 2016, c. 69,s. 308, eff. 1/1/2017.