N.M. Stat. » Chapter 46 — Fiduciaries and Trusts
New Mexico Statutes

N.M. Stat. § 46-4-9 (2026)

Termination of trust

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Any such trust may be terminated by agreement of the trustees and the authority of the beneficiary having power to accept the trust under the provisions of Section 2 [46-4- 2 NMSA 1978] of this enactment; provided that there may be no termination while there exists any outstanding obligation chargeable against the trust property, which by reason of such termination, might become an obligation of the trustees or of the beneficiary.

History: 1953 Comp., § 33-6-9, enacted by Laws 1957, ch. 171, § 9.

Notes of Decisions
Cited in 2 cases, 1973–1973 · leading case: City of Santa Rosa v. Jaramillo, 517 P.2d 69 (N.M. 1973).
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City of Santa Rosa v. Jaramillo, 517 P.2d 69 (N.M. 1973). “See §§ 46-4-9, 46-5-16, 46-6-6, N.M.S.A.1953 (Repl.”
City of Truth or Consequences v. State, Dep't of Alcoholic Beverage Control, 506 P.2d 333 (N.M. 1973). · cites it 2× “Section 46-4-9, N.M.S.A.1953, provides for an appeal by “Any person aggrieved by a decision of a governing body pursuant to section 46-4-8 New Mexico Statutes Annotated * * but in this case plaintiff is not aggrieved by such a decision.”
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