New Mexico § 45-3-714 - Persons dealing with personal representative; protection
Full text of New Mexico New Mexico Statutes Annotated § 45-3-714 — Persons dealing with personal representative; protection, with citation guidance and answers to common questions.
§ 45-3-714. Persons dealing with personal representative; protection
A. A person who in good faith either assists a personal representative or deals with
him for value is protected as if the personal representative properly exercised his
power. The fact that a person knowingly deals with a personal representative does not alone
require the person to inquire into the existence of a power or the propriety of its
exercise. Except for restrictions on powers of supervised personal representatives which are
endorsed on letters as provided in Section 3-504, no provision in any will or order
of court purporting to limit the power of a personal representative is effective except
as to persons with actual knowledge thereof. A person is not bound to see to the proper application of estate assets paid or
delivered to a personal representative. The protection expressed in this section extends to instances in which some procedural
irregularity or jurisdictional defect occurred in proceedings leading to the issuance
of letters, including a case in which the alleged decedent is found to be alive. B. The protection expressed in this section in [is] not by substitution for that provided
by comparable provisions of the 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 § 45-3-714
What does New Mexico Statutes Annotated § 45-3-714 cover?
Section 45-3-714 ("Persons dealing with personal representative; 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 § 45-3-714?
A common citation format is "New Mexico Statutes Annotated § 45-3-714" (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 § 45-3-714 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.