New Mexico § 45-3-706 - Duty of personal representative; inventory and appraisement
Full text of New Mexico New Mexico Statutes Annotated § 45-3-706 — Duty of personal representative; inventory and appraisement, with citation guidance and answers to common questions.
§ 45-3-706. Duty of personal representative; inventory and appraisement
A. Within three months after his appointment, a personal representative, who is not
a special administrator or a successor to another representative who has previously
discharged this duty, shall prepare an inventory of property owned by the decedent
at the time of his death, listing it with reasonable detail and indicating as to each
listed item its estimated value as of the date of the decedent's death and the type
and amount of any encumbrance that may exist with reference to any item. B. The personal representative shall send a copy of the inventory to interested persons
who request it. He may also file the original of the inventory with the appropriate court.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 45-3-706
What does New Mexico Statutes Annotated § 45-3-706 cover?
Section 45-3-706 ("Duty of personal representative; inventory and appraisement") 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 § 45-3-706?
A common citation format is "New Mexico Statutes Annotated § 45-3-706" (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 § 45-3-706 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.