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Section 47-1-13 - [Lineal and collateral securities; contracts binding realty as against heirs and legal claimants.]

NM Stat § 47-1-13 (2019) (N/A)
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Lineal and collateral securities in all cases are hereby forbidden, but the heirs and legal claimants of any person who may have made any written contract or agreement shall be responsible for said contract or agreement to the extent of the lands limited or bequeathed, in such case, and in the manner prescribed by law.

History: Laws 1851-1852, p. 376; C.L. 1865, ch. 44, § 27; C.L. 1884, § 1426; C.L. 1897, § 2046; Code 1915, § 4766; C.S. 1929, § 117-110; 1941 Comp., § 75-109; 1953 Comp., § 70-1-12.

Section does not prevent enforcement of oral contract to adopt children and leave them promisor's property on death of the latter. Wooley v. Shell Petroleum Corp., 1935-NMSC-008, 39 N.M. 256, 45 P.2d 927.

Law reviews. — For article, "Toward Clarification of New Mexico's Real Property Statutes," see 1 Nat. Res. J. 163 (1961).

Am. Jur. 2d, A.L.R. and C.J.S. references. — 23 Am. Jur. 2d Descent and Distribution § 134.

Relative rights to real property as between purchasers from or through decedent's heirs and devisees under will subsequently sought to be established, 22 A.L.R.2d 1107.

26A C.J.S. Descent and Distribution § 124.

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Section 47-1-13 - [Lineal and collateral securities; contracts binding realty as against heirs and legal claimants.]