{"data":{"id":"us-nm/45-3-1101","jurisdiction":"us-nm","citation":"45-3-1101","heading":"Effect of approval of agreements involving trusts, inalienable interests or interests of third persons.","body":"A. A compromise of any controversy is binding on all the parties thereto as to any lawful matter involving the estate. Matters that may be resolved by the compromise include:\n(1) admission to probate of any instrument offered for formal probate as the will of a decedent;\n(2) the construction, validity or effect of any governing instrument;\n(3) the rights or interests in the estate of the decedent;\n(4) the rights or interests of any successor; and\n(5) the administration of the estate, if approved in a formal proceeding in the district court for that purpose.\nB. A court-approved compromise is binding even though it may affect a trust or an inalienable interest. A compromise does not impair the rights of creditors or of taxing authorities that are not parties to it.","path":["Chapter 45 - Uniform Probate Code","ARTICLE 3 Probate of Wills and Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"5b59d94f73ee9d9bfead71ae6d3dd5be6eae94121afa0d02df52ad3d5cb4533c","source_id":"us-nm","stale":false,"prev":"us-nm/45-3-1008","next":"us-nm/45-3-1102"},"notice":"GroundRules: Original legal text. Not legal advice."}