§ 45-7-601 Short title
§ 45-7-602 Prudent investor rule
§ 45-7-603 Standard of care; portfolio strategy; risk and return objectives
§ 45-7-604 Diversification
§ 45-7-605 Duties at inception of trusteeship
§ 45-7-606 Loyalty
§ 45-7-607 Impartiality
§ 45-7-608 Investment costs
§ 45-7-609 Reviewing compliance
§ 45-7-610 Delegation of investment and management functions
§ 45-7-611 Language invoking standard
§ 45-7-612 Application to existing trusts
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Terms Used In New Mexico Statutes > Chapter 45 > Article 7 > Part 6

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Trustee: A person or institution holding and administering property in trust.