Appointment to taker in default

NMSA 1978, § 46-11-313 — under Article 11.

NMSA 1978, § 46-11-313

If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, the power of appointment is deemed not to have been exercised and the appointee takes under the clause. History: Laws 2016, ch. 69, § 313.