New Mexico · Through 2026-07-01

3-52-11: Foreclosure.

Where this section sits in the code

Chapter 3 - Municipalities
ARTICLE 52 Municipal Transit

If the interest or any serial maturity of any bond is in default, any obligee may foreclose against the municipality under the same procedure provided for foreclosure of real estate mortgages. The district court may appoint a receiver to operate the transit facilities in default.

Collected 2026-09-03T15:02:19Z. Source file · JSON

Browse this collection