N.M. Stat. § 45-3-608
Termination of appointment; general.
A. Termination of appointment of a personal representative occurs as indicated in
Sections 3-609 through 3-612 [45-3-609 to 45-3-612 NMSA 1978]. Termination ends
the right and power pertaining to the office of personal representative as conferred by
the [Uniform] Probate Code or any will, except that a personal representative, at any
time prior to distribution or until restrained or enjoined by district court order, may
perform acts necessary to protect the estate and may deliver the assets to a successor
representative.
B. Termination does not discharge a personal representative from liability for
transactions or omissions occurring before termination, or relieve him of the duty to
preserve assets subject to his control, to account therefor and to deliver the assets.
Termination does not affect the jurisdiction of the court over the personal representative,
but terminates his authority to represent the estate in any pending or future proceeding.