New Mexico § 46-11-503 - Power to withdraw
Full text of New Mexico New Mexico Statutes Annotated § 46-11-503 — Power to withdraw, with citation guidance and answers to common questions.
§ 46-11-503. Power to withdraw
A. For purposes of this article and except as otherwise provided in Subsection B of
this section, a power to withdraw property from a trust is treated, during the time
the power may be exercised, as a presently exercisable general power of appointment
to the extent of the property subject to the power to withdraw. B. On the lapse, release or waiver of a power to withdraw property from a trust, the
power is treated as a presently exercisable general power of appointment only to the
extent that the value of the property affected by the lapse, release or waiver exceeds
the greater of the amount specified in 26 U.S.C. Section 2041(b)(2) , as amended, and 26 U.S.C. Section 2514(e) , as amended, or the amount specified in 26 U.S.C. Section 2503(b) , as amended.
Frequently Asked Questions About New Mexico § 46-11-503
What does New Mexico Statutes Annotated § 46-11-503 cover?
Section 46-11-503 ("Power to withdraw") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 46-11-503?
A common citation format is "New Mexico Statutes Annotated § 46-11-503" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 46-11-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.