Section 46-11-312 - Disposition of unappointed property if partial appointment to taker in default.

NM Stat § 46-11-312 (2019) (N/A)
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Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

History: Laws 2016, ch. 69, § 312.

Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.