A trust may be created by: A. transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death; B. declaration by the owner of property that the owner holds identifiable property as trustee; or C. exercise of a power of appointment in favor of a trustee. History: Laws 2003, ch. 122, § 4-401. ANNOTATIONSEffective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003. Law reviews. — For article, 'The New Mexico Uniform Trust Code,' see 34 N.M.L. Rev. 1 (2004).
New Mexico Legal Code