There is a newer version
of
this Section
2021 New Mexico Statutes
Chapter 47 - Property Law
Article 7 - Building Unit Ownership
Section 47-7-15 - Blanket encumbrances affecting a unit at time of first conveyance.
Universal Citation: NM Stat § 47-7-15 (2021)
At the time of the first conveyance of each unit, every blanket encumbrance affecting the unit shall be paid and satisfied of record, or the unit being conveyed shall be released therefrom by partial release duly recorded.
History: 1953 Comp., § 70-4-14, enacted by Laws 1963, ch. 221, § 14; 1975, ch. 318, § 15.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments § 46.
31 C.J.S. Estates § 153 et seq.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
