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Section 45-3-927 - Securing payment of estate tax from property in possession of fiduciary.

NM Stat § 45-3-927 (2019) (N/A)
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A. A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made.

B. A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee.

C. As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee.

History: Laws 2005, ch. 143, § 12; 1978 Comp., § 45-9A-8 recompiled as § 45-3-927 by Laws 2011, ch. 124, § 99.

Recompilations. — Laws 2011, ch. 124, § 99 recompiled former 45-9A-8 NMSA 1978 as 45-3-927 NMSA 1978, effective January 1, 2012.

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Section 45-3-926 - Apportionment and recapture of special elective benefits.
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Section 45-3-928 - Collection of estate tax by fiduciary.