New Mexico Statutes 45-3-712. Improper exercise of power; breach of fiduciary duty
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If the exercise of power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of the personal representative’s fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a personal representative shall be determined as provided in Sections 45-3-713 and 45-3-714 N.M. Stat. Ann..
Terms Used In New Mexico Statutes 45-3-712
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.