Section 45-3-908 - Distribution; right or title of distributee.

NM Stat § 45-3-908 (2019) (N/A)
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Proof that a distributee has received an instrument or deed of distribution of assets in kind, or payment in distribution, from a personal representative is conclusive evidence that the distributee has succeeded to the interest of the estate in the distributed assets, as against all interested persons. However, the personal representative may recover the assets or their value if the distribution was improper.

History: 1953 Comp., § 32A-3-908, enacted by Laws 1975, ch. 257, § 3-908.

Official comments. — See Commissioners on Uniform State Law official comment to 3-908 UPC.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 34 C.J.S. Executors and Administrators § 488.