Method of release

NMSA 1978, § 46-11-403 — under Article 11.

NMSA 1978, § 46-11-403

A powerholder of a releasable power of appointment may release the power in whole or in part: A. by substantial compliance with a method provided in the terms of the instrument creating the power; or B. if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence. History: Laws 2016, ch. 69, § 403.