Section 45-9A-8 - Securing payment of estate tax from property in possession of fiduciary. - New Mexico Statutes

45-9A-8. Securing payment of estate tax from property in possession of fiduciary.

A.     A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made.  

B.     A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee.  

C.     As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee.