Except as required by a statute other than the Uniform Trust Code [46A-1-101 NMSA 1978], a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence. History: Laws 2003, ch. 122, § 4-407. 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