§ 45-3-801 Notice to creditors
§ 45-3-802 Statutes of limitations
§ 45-3-803 Limitations on presentation of claims
§ 45-3-804 Manner of presentation of claims
§ 45-3-805 Classification of claims
§ 45-3-806 Allowance of claims
§ 45-3-807 Payment of claims
§ 45-3-808 Individual liability of personal representative
§ 45-3-809 Secured claims
§ 45-3-810 Claims not due and contingent or unliquidated claims
§ 45-3-811 Counterclaims
§ 45-3-812 Execution and levies prohibited
§ 45-3-813 Compromise of claims
§ 45-3-814 Encumbered assets
§ 45-3-815 Administration in more than one state; duty of personal representative
§ 45-3-816 Final distribution to domiciliary representative
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Terms Used In New Mexico Statutes > Chapter 45 > Article 3 > Part 8

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Decedent: A deceased person.
  • Fiduciary: A trustee, executor, or administrator.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.