Section 46A-5-507 - Personal obligations of trustee.

NM Stat § 46A-5-507 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

History: Laws 2003, ch. 122, § 5-507.

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).