There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 47 - Property Law
Section 7 Building Unit Ownership
Section 47-7-15 Blanket encumbrances affecting a unit at time of first conveyance.
NM Stat § 47-7-15 (2014) What's This?
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.
History: 1953 Comp., 70-4-14, enacted by Laws 1963, ch. 221, 14; 1975, ch. 318, 15.
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