2015 New Mexico Statutes
Chapter 7 - Taxation
Section 1 Administration
Section 7-1-45 Manner of sale or conversion to money.
7-1-45. Manner of sale or conversion to money.
All property levied upon, not consisting of money, shall be sold at public auction at one o'clock in the afternoon on the steps or in front of the courthouse of the county in which the property was located when levied upon or may be consigned to an auctioneer for sale. Payment may be accepted only in full and immediately after the acceptance of a bid for the property. Stocks, bonds, securities and similar property may be negotiated or surrendered for money in accordance with uniform regulations issued by the secretary, notwithstanding the above.
History: 1953 Comp., 72-13-59, enacted by Laws 1965, ch. 248, 47; 1979, ch. 144, 40; 2001, ch. 56, 8.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
