New Mexico § 46-4-8 - Contractual character; duration of trust
Full text of New Mexico New Mexico Statutes Annotated § 46-4-8 — Contractual character; duration of trust, with citation guidance and answers to common questions.
§ 46-4-8. Contractual character; duration of trust
Upon the acceptance of the beneficial interest by the beneficiary as hereinabove authorized
and provided, the same shall be and constitute a binding contract between the state
of New Mexico, the beneficiary and the grantor or grantors, or the executor of the
estate of the testator, for the acceptance of the beneficial interest in the trust
property by the designated beneficiary and the application of the proceeds of the
trust property and its operation for the purposes, and in accordance with the stipulations
specified by the trustor or trustors. Such trusts shall have duration for the term of duration of the beneficiary, or
such shorter length of time as shall be specified in the instrument or will creating
said trust.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 46-4-8
What does New Mexico Statutes Annotated § 46-4-8 cover?
Section 46-4-8 ("Contractual character; duration of trust") 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 § 46-4-8?
A common citation format is "New Mexico Statutes Annotated § 46-4-8" (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 § 46-4-8 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.