New Mexico § 46-7-17 - Other transfer by fiduciary
Full text of New Mexico New Mexico Statutes Annotated § 46-7-17 — Other transfer by fiduciary, with citation guidance and answers to common questions.
§ 46-7-17. Other transfer by fiduciary
A. Subject to Subsection C of this section, a personal representative or trustee may
make an irrevocable transfer to another adult or trust company as custodian for the
benefit of a minor pursuant to Section 10 of the Uniform Transfers to Minors Act in the absence of a will or under a will or trust that does not contain an authorization
to do so. B. Subject to Subsection C of this section, a conservator may make an irrevocable
transfer to another adult or trust company as custodian for the benefit of the minor
pursuant to Section 10 of that act. C. A transfer under Subsection A or B of this section may be made only if: (1) the personal representative, trustee, or conservator considers the transfer to
be in the best interest of the minor; (2) the transfer is not prohibited by or inconsistent with provisions of the applicable
will, trust agreement or other governing instrument; and (3) the transfer is authorized by the court if it exceeds ten thousand dollars ($10,000)
in value.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 46-7-17
What does New Mexico Statutes Annotated § 46-7-17 cover?
Section 46-7-17 ("Other transfer by fiduciary") 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 § 46-7-17?
A common citation format is "New Mexico Statutes Annotated § 46-7-17" (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 § 46-7-17 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.