7-7-11. Sale of property to pay tax.
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/nm/chapter-7-taxation/article-7-estate-tax/7-7-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A personal representative may sell so much of any property as is necessary to pay the taxes due under the Estate Tax Act [7-7-1 to 7-7-12 NMSA 1978]. A personal representative may sell so much of any property specifically bequeathed or devised as is necessary to pay the proportionate amount of the taxes due on the transfer of the property and the fees and expenses of the sale, unless the legatee or devisee pays the personal representative the proportionate amount of the taxes due.
History: 1953 Comp., § 72-33-11, enacted by Laws 1973, ch. 345, § 11.