New Mexico § 48-3-15 [Disposition of proceeds of sale; purchase by lien

New Mexico Statutes

§ 48-3-15 — [Disposition of proceeds of sale; purchase by lien

New Mexico § 48-3-15

Ch. 48Liens and Mortgages

Art. 3Liens on Personal Property

This text of New Mexico § 48-3-15 ([Disposition of proceeds of sale; purchase by lien) 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. § 48-3-15 (2026).

Text

claimant.] After sale made as provided in the preceding section [48-3-14 NMSA 1978], the proceeds of such sale shall be applied to the payment of the costs of advertising and making the sale and the satisfaction of the demand of the lien claimant, and the residue, if any, shall be refunded to the lien debtor; provided, that the lien claimant shall not be precluded from bidding on or purchasing the property at such sale.

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claimant.] After sale made as provided in the preceding section [48-3-14 NMSA 1978], the proceeds of such sale shall be applied to the payment of the costs of advertising and making the sale and the satisfaction of the demand of the lien claimant, and the residue, if any, shall be refunded to the lien debtor; provided, that the lien claimant shall not be precluded from bidding on or purchasing the property at such sale.