There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 70: Oil and Gas
Article 4: Liens on Wells and Pipelines, 70-4-1 through 70-4-15
Section 70-4-7: Limitation of action to enforce.
Universal Citation:
NM Stat § 70-4-7 (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.
70-4-7. Limitation of action to enforce.
No lien provided for in this act [70-4-1 to 70-4-15 NMSA 1978] shall bind any property subject thereto for a longer period than one year after the date on which the same is filed, unless proceedings be commenced in the district court within that time to enforce the same, or, if a credit be given, then one year after the expiration of such credit, but no such lien shall continue in force for a longer time than two years from the time the lien is filed by any agreement to give credit unless action to enforce the same shall have been commenced within that time.
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