In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a county may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the county.
§ 4-55A-23 NMSA 1978
Improvement district; acceptance of deed in lieu of foreclosure
Known as the County Improvement District Act
The act spans §§ 4–4 (45 sections).
Laws 1980, ch. 91, § 23.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.