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Section 45-3-504 - Supervised administration; powers of personal representative.

NM Stat § 45-3-504 (2019) (N/A)
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Unless restricted by the district court, a supervised personal representative has, without interim orders approving exercise of a power, all powers of personal representatives under the [Uniform] Probate Code, but he shall not exercise his power to make any distribution of the estate without prior order of the district court. Any other restriction on the power of a personal representative which may be ordered by the district court must be endorsed on his letters of appointment and, unless so endorsed, is ineffective as to persons dealing in good faith with the personal representative.

History: 1953 Comp., § 32A-3-504, enacted by Laws 1975, ch. 257, § 3-504.

Official comments. — See Commissioners on Uniform State Law official comment to 3-504 UPC.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross references. — For general fiduciary duties of personal representative, see 45-3-703 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 33 C.J.S. Executors and Administrators § 95.

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