2006 New Mexico Statutes - Section 47-7D-20 — Substantial completion of units.

47-7D-20. Substantial completion of units.

In case of a sale of a unit where delivery of a disclosure statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed until the declaration is recorded and the unit is substantially completed, as evidenced by a recorded certificate of substantial completion pursuant to Section 13 [ 47-7B-1 NMSA 1978] of the Condominium Act.   

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