Statutes > New Mexico Statutes > Chapter 46 - Fiduciaries and Trusts. > Article 7 - Transfers to Minors, 46-7-1 through 46-7-34. > Section 46-7-15 - Transfer by gift or exercise of power of appointment.

Section 46-7-15 - Transfer by gift or exercise of power of appointment.

46-7-15. Transfer by gift or exercise of power of appointment.

A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 10 [46-7-20 NMSA 1978] of the Uniform Transfers to Minors Act.