New Mexico Statutes 46-12-121. Need to distribute not required
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An authorized fiduciary may exercise the decanting power regardless of whether under the first trust’s discretionary distribution standard the fiduciary would have made, or could have been compelled to make, a discretionary distribution of principal at the time of the exercise.
Terms Used In New Mexico Statutes 46-12-121
- Fiduciary: A trustee, executor, or administrator.