2021 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 3 - Probate of Wills and Administration
Part 9 - SPECIAL PROVISIONS RELATING TO DISTRIBUTION
Section 45-3-904 - Interest on general pecuniary devise.
General pecuniary devises bear interest at five percent per annum beginning one year after the first appointment of a personal representative until payment, unless a contrary intent is indicated by the will or unless distribution is withheld under the provisions of a court order upon a showing of good cause by the personal representative.
History: 1953 Comp., § 32A-3-904, enacted by Laws 1975, ch. 257, § 3-904.
ANNOTATIONSOfficial comments. — See Commissioners on Uniform State Law official comment to 3-904 UPC.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Bequest of bank deposits, stocks, bonds, notes or other securities as carrying dividends or interest accruing between testator's death and payment of legacy, 15 A.L.R.3d 1038.
97 C.J.S. Wills § 1345.
