New Mexico Code § 45-3-903

Successor's indebtedness offset against interest; defenses
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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.
History: 1953 Comp., § 32A-3-903, enacted by Laws 1975, ch. 257, § 3-903.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 34 C.J.S. Executors and Administrators § 494.

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