A trust may be created by:
A. transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
B. declaration by the owner of property that the owner holds identifiable property as trustee; or
C. exercise of a power of appointment in favor of a trustee.
History: Laws 2003, ch. 122, § 4-401.
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).
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