There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 7 - Taxation
Section 24A County and Municipal Gasoline Tax
Section 7-24A-19 Foreclosure.
NM Stat § 7-24A-19 (2015) What's This?
7-24A-19. Foreclosure.
If the interest or any serial maturity of any bond is in default, any obligee may foreclose against the county or municipality under the same procedure provided for foreclosure of real estate mortgages. The district court may appoint a receiver to operate the transit facilities or operation in default.
History: 1978 Comp., 7-24A-19, enacted by Laws 1978, ch. 182, 19.
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