Subject to Section 205 [46-11-205 NMSA 1978] of the Uniform Powers of Appointment Act, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: A. presently exercisable; B. exclusionary; and C. except as otherwise provided in Section 204 [46-11-204 NMSA 1978] of the Uniform Powers of Appointment Act, general. History: Laws 2016, ch. 69, § 203.
Presumption of unlimited authority
NMSA 1978, § 46-11-203 — under Article 11.
NMSA 1978, § 46-11-203