New Mexico Statutes 59A-10-17. Substitution of trustee
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With the superintendent’s approval, a new trustee or new trustees may be substituted for the original trustee of trusteed assets of the alien insurer for any proper cause.
Terms Used In New Mexico Statutes 59A-10-17
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.