New Mexico Statutes 46A-8-801. Duty to administer trust
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Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries and in accordance with the Uniform Trust Code [46A-1-101 N.M. Stat. Ann.].
Terms Used In New Mexico Statutes 46A-8-801
- Trustee: A person or institution holding and administering property in trust.