N.M. Stat. § 45-3-504
Supervised administration; powers of personal
representative.
Unless restricted by the district court, a supervised personal representative has,
without interim orders approving exercise of a power, all powers of personal
representatives under the [Uniform] Probate Code, but he shall not exercise his power
to make any distribution of the estate without prior order of the district court. Any other
restriction on the power of a personal representative which may be ordered by the
district court must be endorsed on his letters of appointment and, unless so endorsed, is
ineffective as to persons dealing in good faith with the personal representative.