Reformation to correct mistakes

NMSA 1978, § 46A-4-415 — under Article 4.

NMSA 1978, § 46A-4-415

The court may reform the terms of a trust, even if unambiguous, to conform the terms to the settlor's intention if it is proved by clear and convincing evidence that both the settlor's intent and the terms of the trust were affected by a mistake of fact or law, whether in expression or inducement. History: Laws 2003, ch. 122, § 4-415.