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2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 28 - Retainage
Section 57-28-7 - Care and protection of work.
Universal Citation: NM Stat § 57-28-7 (2017)
57-28-7. Care and protection of work.
All material and work covered by partial payments become the property of the owner, but the contractor and subcontractor are not relieved from the sole responsibility for the care and protection of materials and work for which payments have been made; provided, however, the contractor and subcontractor have no duty for the care and protection of materials and work after the owner has assumed occupancy or use of the work.
History: Laws 2001, ch. 68, 7.
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