New Mexico Statutes
§ 48-2-5 — Preference over other encumbrances
A.The liens provided for in Sections 48-2-1 through 48-2-17 NMSA 1978 are preferred to any lien, mortgage or other encumbrance which may have attached subsequent to the time when the building, improvement or structure was commenced, work done or materials were commenced to be furnished; also to any lien, mortgage or other encumbrance of which the lienholder had no notice and which was unrecorded at the time the building, improvement or structure was commenced, work done or the materials were commenced to be furnished.
B.Liens filed by registered surveyors shall have priority equal with other mechanics' and materialmen's liens, but work performed by registered surveyors shall not constitute the commencement of construction.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 48-2-5 (Preference over other encumbrances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1880, ch. 16, § 5; C.L. 1884, § 1523; C.L. 1897, § 2220; Code 1915, §
Nearby Sections
15
§ 48-1-1
Federal lien; place of filing§ 48-1-3
Duties of filing officer§ 48-1-4
Repealed§ 48-1-5
Uniformity of interpretation§ 48-1-6
Short title§ 48-10-1
Short title§ 48-10-11
Notice of trustee's sale§ 48-10-14
Payment of bid; trustee's deed§ 48-10-15
Disposition of proceeds of sale§ 48-10-16
Redemption