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New Mexico · Through 2026-07-01

7-1-56: Sale of or proceedings against security.

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Where this section sits in the code
  1. Chapter 7 - Taxation
  2. ARTICLE 1 Administration

If liability for any tax for the payment of which security has been furnished becomes conclusive, the department may:

A. redeem for cash or, as specified in the Tax Administration Act for sale of property levied upon, sell such security; or

B. compel the surety directly to discharge the liability for payment of the principal debtor by serving demand upon him therefor.

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

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