There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 19: Public Lands
Article 7: Sale and Lease of Lands, 19-7-1 through 19-7-69
Section 19-7-19: Failure to comply with contract; forfeiture at option of commissioner.
Universal Citation:
NM Stat § 19-7-19 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
19-7-19. [Failure to comply with contract; forfeiture at option of commissioner.]
Failure by a purchaser of state lands to comply with the terms and conditions of his contract of purchase shall, at the option of the commissioner, work a forfeiture of such contract after notice as prescribed by Section 19-7-50 NMSA 1978.
In case of forfeiture all moneys theretofore paid on any such contract shall remain the property of the state.
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