Statutes > New Mexico Statutes > Chapter 45 - Uniform Probate Code. > Article 3 - Probate of Wills and Administration, 45-3-101 through 45-3-1302. > Section 45-3-903 - Successor's indebtedness offset against interest; defenses.

Section 45-3-903 - Successor's indebtedness offset against interest; defenses.

45-3-903. Successor's indebtedness offset against interest; defenses.

The amount of a noncontingent indebtedness of a successor to the estate if due, or its present value if not due, shall be offset against the successor's interest; but the successor has the benefit of any defense which would be available to him in a direct proceeding for recovery of the debt.