2011 New Mexico Statutes
Chapter 7: Taxation
Article 1: Administration, 7-1-1 through 7-1-82
Section 7-1-56: Sale of or proceedings against security.
7-1-56. Sale of or proceedings against security.
If liability for any tax for the payment of which security has been furnished becomes conclusive, the department may:
A. redeem for cash or, as specified in the Tax Administration Act [7-1-1 NMSA 1978] for sale of property levied upon, sell such security; or
B. compel the surety directly to discharge the liability for payment of the principal debtor by serving demand upon him therefor.
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