New Mexico Statutes
§ 19-4-20 — Disposition of proceeds
New Mexico § 19-4-20
This text of New Mexico § 19-4-20 (Disposition of proceeds) 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.
Bluebook
N.M. Stat. Ann. § 19-4-20 (2026).
Text
The proceeds received from the sale shall be disposed of as follows: A. first, to pay the expenses of the sale; B. second, to discharge any outstanding claims incurred in entering the townsite of the town; and C. third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Laws 1882, ch. 70, § 14; C.L. 1884, § 2788; Laws 1891, ch. 29, § 1; C.L. 1897,
Nearby Sections
15
§ 19-1-1.4
State land trusts advisory board; duties§ 19-1-15
Repealed§ 19-1-18
Sources of special fundsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 19-4-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/19/19-4-20.