Section 45-3-505 - Supervised administration; interim orders; distribution and closing orders.

NM Stat § 45-3-505 (2019) (N/A)

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A. Unless otherwise ordered by the district court, supervised administration is terminated by order in accordance with time restrictions, notices and contents of orders prescribed for proceedings under Section 3-1001 [45-3-1001 NMSA 1978].

B. Interim orders approving or directing partial distributions or granting other relief may be issued by the district court at any time during the pendency of a supervised administration on the application of the personal representative or any interested person.

C. A supervised personal representative shall file an account with the district court not less than annually during his administration and, on closing, shall file a final account to be approved under Section 3-1001 [45-3-1001 NMSA 1978]. The supervised personal representative shall also account to the district court on resignation or removal.

D. In connection with any account, the district court may require the supervised personal representative to submit to a physical check of the estate in his control, to be made in any manner the court may specify.

History: 1953 Comp., § 32A-3-505, enacted by Laws 1975, ch. 257, § 3-505.

Official comments. — See Commissioners on Uniform State Law official comment to 3-505 UPC.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 33 C.J.S. Executors and Administrators § 525.

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

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