Section 46-3A-103 – Fiduciary duties; general principles.

(a) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of Articles 2 [46-3A-201, 46-3A-202 NMSA 1978] and 3 [46-3A-301 to 46-3A-303 NMSA 1978], a fiduciary: (1) shall administer a trust or estate in accordance with the terms of the trust or the will, […]