There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 45: Uniform Probate Code
Article 3: Probate of Wills and Administration, 45-3-101 through 45-3-1302
Section 45-3-903: Successor's indebtedness offset against interest; defenses.
NM Stat § 45-3-903 (1996 through 1st Sess 50th Legis) What's This?
45-3-903. Successor's indebtedness offset against interest; 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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