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Section 46-11-405 - Power to contract; presently exercisable power of appointment — New Mexico Law | CourtGPT
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  7. Section 46-11-405 - Power to contract; presently exercisable power of appointment
New Mexico Legal Code

Section 46-11-405 - Power to contract; presently exercisable power of appointment

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A powerholder of a presently exercisable power of appointment may contract: A. not to exercise the power; or B. to exercise the power if the contract when made does not confer a benefit on an impermissible appointee. History: Laws 2016, ch. 69, § 405. ANNOTATIONSEffective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.