If it appears from the inventory and appraisal that the value of the entire estate, less liens and encumbrances, does not exceed the family allowance, personal property allowance, costs and expenses of administration, reasonable and necessary medical and hospital expenses of the last illness of the decedent and reasonable funeral expenses, the personal representative, without giving notice to creditors, may immediately disburse and distribute the estate to the persons entitled thereto and file a closing statement as provided in Section 3-1204 [45-3-1204 NMSA 1978]. History: 1953 Comp., § 32A-3-1203, enacted by Laws 1975, ch. 257, § 3-1203. ANNOTATIONSOfficial comments. — See Commissioners on Uniform State Law official comment to 3-1203 UPC. Compiler's notes. — This section includes within its scope some of the functions of former 31-1A-2 and 31-1A-3, 1953 Comp. Am. Jur. 2d, A.L.R. and C.J.S. references. — 33 C.J.S. Executors and Administrators § 5; 34 C.J.S. Executors and Administrators § 1056.
New Mexico Legal Code