New Mexico Const. art. IV, § 32

New Mexico Constitution

Article IV, § 32 — Remission of debts due state or municipalities

This text of New Mexico Const. art. IV, § 32 (Remission of debts due state or municipalities) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionNew Mexico DocumentConstitution

ArticleIV

Section§ 32

CitationNew Mexico Const. art. IV, § 32

Bluebook

N.M. Const. art. IV, § 32.

Full Text

No obligation or liability of any person, association or corporation held or owned by or owing to the state, or any municipal corporation therein, shall ever be exchanged, transferred, remitted, released, postponed or in any way diminished by the legislature, nor shall any such obligation or liability be extinguished except by the payment thereof into the proper treasury, or by proper proceeding in court. Provided that the obligations created by Special Session Laws 1955, Chapter 5, running to the state or any of its agencies, remaining unpaid on the effective date of this amendment are void.

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No obligation or liability of any person, association or corporation held or owned by or owing to the state, or any municipal corporation therein, shall ever be exchanged, transferred, remitted, released, postponed or in any way diminished by the legislature, nor shall any such obligation or liability be extinguished except by the payment thereof into the proper treasury, or by proper proceeding in court. Provided that the obligations created by Special Session Laws 1955, Chapter 5, running to the state or any of its agencies, remaining unpaid on the effective date of this amendment are void.

History

(As amended November 4, 1958.)

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Bluebook (online)

New Mexico Const. art. IV, § 32, Counsel Stack Legal Research, https://law.counselstack.com/constitution/nm/IV/32.