No lien provided for in Sections 48-2-1 through 48-2-17 NMSA 1978 remains valid for a longer period than two years after the claim of lien has been filed unless proceedings have been commenced in a court of competent jurisdiction or in binding arbitration within that time to enforce the lien. A contingent payment clause in a contract shall not be construed as a waiver of the right to file and enforce a mechanic's or materialman's lien pursuant to Sections 48-2-1 through 48-2-17 NMSA 1978.
§ 48-2-10 NMSA 1978
Limitation of action to enforce
Applied in 1 court decision — leading case In Re Keenan (2007)
Most recently applied in In Re Keenan (March 2007)
Laws 1880, ch. 16, § 9; C.L. 1884, § 1527; C.L. 1897, § 2224; Code 1915, § 3326; C.S. 1929, § 82-209; 1941 Comp., § 63-209; 1953 Comp., § 61-2-9; Laws 1979, ch. 168, § 2; 1990, …
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.