N.M. Stat. § 46-11-303

Intent to exercise; after-acquired power.

Last amended: 2016Year: 2026Length: 76 wordsOfficial source
Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: A. except as otherwise provided in Subsection B of this section, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and B. if the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.
N.M. Stat. § 46-11-303: Intent to exercise; after-acquired power. | Justis AI