New Mexico Statutes

§ 19-7-18 — Bond required

New Mexico § 19-7-18

JurisdictionNew Mexico

Ch. 19Public Lands

Art. 7Sale and Lease of Lands

This text of New Mexico § 19-7-18 (Bond required) 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. § 19-7-18 (2026).

Text

No contract, patent or lease shall be issued until the value of improvements shall be paid unless a good and sufficient corporate or cash bond is filed with the commissioner to insure [ensure] payment upon final determination of value.

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Legislative History

1953 Comp., § 7-8-19.5, enacted by Laws 1963, ch. 237, § 5.

Nearby Sections

15

§ 19-1-1

[Creation of state land office; commissioner of public lands

§ 19-1-1.1

State land trusts advisory board; members; appointment;

§ 19-1-1.2

State land trusts advisory board; removal of members;

§ 19-1-1.3

State land trusts advisory board; organization; meetings

§ 19-1-1.4

State land trusts advisory board; duties

§ 19-1-10

[Duties and bonds of subordinates; expenses payable from

§ 19-1-11

State lands maintenance fund; created; state lands

§ 19-1-12

State land office; expenses; how paid

§ 19-1-13

Maintenance fund balance; apportionment

§ 19-1-14

[Separate accounts; payment of deficiencies; exception.]

§ 19-1-15

§ 19-1-16

[Deposit of money derived from state lands.]

§ 19-1-17

Permanent, income and current funds; creating deposits

§ 19-1-18

Sources of special funds

§ 19-1-19

Public buildings at capital, permanent fund; investment

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Bluebook (online)

New Mexico § 19-7-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/19/19-7-18.