New Mexico § 45-3-610 - Termination of appointment; voluntary

§ 45-3-610. Termination of appointment; voluntary

A. An appointment of a personal representative terminates as provided in Section 3-1003,

one year after the filing of a closing statement. B. An order closing an estate as provided in Sections 3-1001 or 3-1002 terminates

an appointment of a personal representative. C. A personal representative may resign his position by filing a written statement

of resignation with the court after he has given at least fifteen days written notice

to the known interested persons. If the person resigning is a sole representative and if no one applies or petitions

for appointment of a successor representative within the time indicated in the notice,

the filed statement of resignation is ineffective as a termination of appointment

and in any event is effective only upon the appointment and qualification of a successor

representative and delivery of the assets to him. If the person resigning is a co-representative, such resignation is effective only

upon delivery of the assets in his possession to any remaining co-representatives.