New Mexico § 45-3-805 Classification of claims

New Mexico Statutes

§ 45-3-805 — Classification of claims

New Mexico § 45-3-805

Ch. 45Uniform Probate Code

Art. 3Probate of Wills and Administration

This text of New Mexico § 45-3-805 (Classification of claims) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 45-3-805 (2026).

Text

A. If the applicable assets of the estate are insufficient to pay all claims in full, the personal representative shall make payment in the following order:

(1)costs and expenses of administration, including compensation of personal representatives and of persons employed by the personal representatives;

(2)reasonable funeral expenses;

(3)debts and taxes with preference under federal law;

(4)reasonable medical and hospital expenses of the last illness of the decedent, including compensation of persons attending the decedent;

(5)debts and taxes with preference under other laws of New Mexico; and (6) all other claims. B. No preference shall be given in the payment of any claim over any other claim of the same class, and a claim due and payable shall not be entitled to a preference over

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A. If the applicable assets of the estate are insufficient to pay all claims in full, the personal representative shall make payment in the following order: (1) costs and expenses of administration, including compensation of personal representatives and of persons employed by the personal representatives; (2) reasonable funeral expenses; (3) debts and taxes with preference under federal law; (4) reasonable medical and hospital expenses of the last illness of the decedent, including compensation of persons attending the decedent; (5) debts and taxes with preference under other laws of New Mexico; and (6) all other claims. B. No preference shall be given in the payment of any claim over any other claim of the same class, and a claim due and payable shall not be entitled to a preference over claims not due.