N.M. Stat. § 45-1-403.2
Representation by holder of general testamentary power
of appointment.
To the extent there is no conflict of interest between the holder of a general
testamentary power of appointment and the persons represented with respect to the
particular question or dispute, the holder may represent and bind persons whose
interests, as permissible appointees, takers in default or otherwise, are subject to the
power.