There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 47: Property Law
Article 7: Building Unit Ownership, 47-7-1 through 47-7-28
Section 47-7-15: Blanket encumbrances affecting a unit at time of first conveyance.
Universal Citation:
NM Stat § 47-7-15 (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.
47-7-15. Blanket encumbrances affecting a unit at time of first conveyance.
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.
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