New Mexico § 29-1-15 Proceeds of sale; title to property vests in purchaser

New Mexico Statutes

§ 29-1-15 — Proceeds of sale; title to property vests in purchaser

New Mexico·Ch. 29 Law Enforcement·Art. 1 Peace Officers in General

A.Any money derived by a peace officer from the sale of unclaimed personal property shall be paid to the appropriate treasurer for credit to the general fund of the state, county or municipality.

B.Any person purchasing unclaimed personal property at a public auction conducted by a peace officer has good title to the property. The true owner of the unclaimed personal property is divested of any right to the property and is estopped from making any claim to the property.

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A. Any money derived by a peace officer from the sale of unclaimed personal property shall be paid to the appropriate treasurer for credit to the general fund of the state, county or municipality. B. Any person purchasing unclaimed personal property at a public auction conducted by a peace officer has good title to the property. The true owner of the unclaimed personal property is divested of any right to the property and is estopped from making any claim to the property.

New Mexico § 29-1-15 (Proceeds of sale; title to property vests in purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.