Statutes > New Mexico Statutes > Chapter 46 - Fiduciaries and Trusts. > Article 4 - State Beneficiary Trusts, 46-4-1 through 46-4-9. > Section 46-4-1 - Trusts for state or political subdivision authorized.

Section 46-4-1 - Trusts for state or political subdivision authorized.

46-4-1. Trusts for state or political subdivision authorized.

Express trusts of real or personal property may be created by will or by declaration of trust by any person naming this state or any of its political subdivisions, municipalities or agencies as the beneficiary thereof.