New Mexico Statutes
§ 45-3-903 — Successor's indebtedness offset against interest;
New Mexico § 45-3-903
This text of New Mexico § 45-3-903 (Successor's indebtedness offset against interest;) 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. § 45-3-903 (2026).
Text
defenses. The amount of a noncontingent indebtedness of a successor to the estate if due, or its present value if not due, shall be offset against the successor's interest; but the successor has the benefit of any defense which would be available to him in a direct proceeding for recovery of the debt.
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Legislative History
1953 Comp., § 32A-3-903, enacted by Laws 1975, ch. 257, § 3-903.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-102
Rule of construction; purposes of act§ 45-1-104
Severability§ 45-1-106
Effect of fraud and evasion§ 45-1-107
Evidence of death or status§ 45-1-108
Acts by holder of general power§ 45-1-109
Security interests not affected§ 45-1-201
Definitions§ 45-1-301
Application§ 45-1-302.1
Concurrent jurisdiction§ 45-1-303
Venue; multiple proceedings; transferCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 45-3-903, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/45/45-3-903.