A trust may be created only to the extent its purposes are lawful, not contrary to public policy and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries. History: Laws 2003, ch. 122, § 4-404. 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