New Mexico § 46-3A-501 - Disbursements from income

§ 46-3A-501. Disbursements from income

A trustee shall make the following disbursements from income to the extent that they

are not disbursements to which Section 201(2)(B) or (C) applies: (1) one-half of the regular compensation of the trustee and of any person providing

investment advisory or custodial services to the trustee; (2) one-half of all expenses for accountings, judicial proceedings or other matters

that involve both the income and remainder interests; (3) all of the other ordinary expenses incurred in connection with the administration,

management or preservation of trust property and the distribution of income, including

interest, ordinary repairs, regularly recurring taxes assessed against principal and

expenses of a proceeding or other matter that concerns primarily the income interest;

and (4) recurring premiums on insurance covering the loss of a principal asset or the

loss of income from or use of the asset.