Section 45-3-904 - Interest on general pecuniary devise.

NM Stat § 45-3-904 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

General pecuniary devises bear interest at five percent per annum beginning one year after the first appointment of a personal representative until payment, unless a contrary intent is indicated by the will or unless distribution is withheld under the provisions of a court order upon a showing of good cause by the personal representative.

History: 1953 Comp., § 32A-3-904, enacted by Laws 1975, ch. 257, § 3-904.

Official comments. — See Commissioners on Uniform State Law official comment to 3-904 UPC.

Am. Jur. 2d, A.L.R. and C.J.S. references. — Bequest of bank deposits, stocks, bonds, notes or other securities as carrying dividends or interest accruing between testator's death and payment of legacy, 15 A.L.R.3d 1038.

97 C.J.S. Wills § 1345.