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2017 New Mexico Statutes
Chapter 47 - Property Law
Article 1 - Conveyances and General Provisions
Section 47-1-23 - Transfer of reversion authorized.
Universal Citation: NM Stat § 47-1-23 (2017)
47-1-23. [Transfer of reversion authorized.]
That the possibility or right of reversion for breach or violation of condition or conditions subsequent contained in any deed or other instrument conveying real estate in the state of New Mexico, is hereby made assignable, and the grantor in any such instrument heretofore or hereafter made affecting real estate in the state of New Mexico, is given the right to assign and transfer such future contingent right of reentry, forfeiture and reversion for violation or breach of such condition or conditions subsequent.
History: Laws 1937, ch. 4, 1; 1941 Comp., 75-118; 1953 Comp., 70-1-21.
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