2006 New Mexico Statutes - Section 11-3A-21 — Exemption of property from execution sale.

11-3A-21. Exemption of property from execution sale.

All real property owned or held by an authority for the purposes of the Regional Housing Law [Chapter 11, Article 3A NMSA 1978] shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall be issued against property of the authority or shall any judgment against an authority be a charge or lien on the authority's real property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to pursue any remedies for the enforcement of any pledge or lien given to them on rents, fees or revenues.