New Mexico § 45-5-423 - Persons dealing with conservators; protection
Full text of New Mexico New Mexico Statutes Annotated § 45-5-423 — Persons dealing with conservators; protection, with citation guidance and answers to common questions.
§ 45-5-423. Persons dealing with conservators; protection
A person who in good faith either assists a conservator or deals with him for value
in any transaction other than those requiring a court order as provided in Section
5-408, is protected as if the conservator properly exercised the power. The fact that a person knowingly deals with a conservator does not alone require
the person to inquire into the existence of a power or the propriety of its exercise,
except that restrictions on powers of conservators which are endorsed on letters as
provided in Section 5-426 are effective as to third persons. A person is not bound to see to the proper application of estate assets paid or
delivered to a conservator. The protection here expressed extends to instances in which some procedural irregularity
or jurisdictional defect occurred in proceedings leading to the issuance of letters. The protection here expressed is in addition to that provided by comparable provisions
of laws relating to commercial transactions and laws simplifying transfers of securities
by fiduciaries.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-5-423
What does New Mexico Statutes Annotated § 45-5-423 cover?
Section 45-5-423 ("Persons dealing with conservators; protection") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 45-5-423?
A common citation format is "New Mexico Statutes Annotated § 45-5-423" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 45-5-423 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.