New Mexico Statutes 13-1-32. Definition; blind trust
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“Blind trust” means a trust managed by a person other than the employee- beneficiary in which the employee-beneficiary is not given notice of alterations in the property of the trust.
Terms Used In New Mexico Statutes 13-1-32
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC