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Section 46-11-406 - Power to contract; power of appointment not presently exercisable — New Mexico Law | CourtGPT
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  7. Section 46-11-406 - Power to contract; power of appointment not presently exercisable
New Mexico Legal Code

Section 46-11-406 - Power to contract; power of appointment not presently exercisable

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A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: A. is also the donor of the power; and B. has reserved the power in a revocable trust. History: Laws 2016, ch. 69, § 406. ANNOTATIONSEffective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.