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Section 46-11-308 - Selective allocation doctrine — New Mexico Law | CourtGPT
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  7. Section 46-11-308 - Selective allocation doctrine
New Mexico Legal Code

Section 46-11-308 - Selective allocation doctrine

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If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the powerholder's intent. History: Laws 2016, ch. 69, § 308. ANNOTATIONSEffective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.