New Mexico § 63-1-20 [Assessment remaining unpaid; requirements for new

New Mexico Statutes

§ 63-1-20 — [Assessment remaining unpaid; requirements for new

New Mexico § 63-1-20

Ch. 63Railroads and Communications

Art. 1Organization and Management of Railroads

This text of New Mexico § 63-1-20 ([Assessment remaining unpaid; requirements for new) 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. § 63-1-20 (2026).

Text

levy.] No assessment shall be levied while any portion of a previous one remains unpaid, unless: A. the power of the corporation has been exercised in accordance with the provisions of this chapter, for the purpose of collecting such previous assessment; B. the collection of the previous assessment has been enjoined; or C. the assessment falls within the first proviso contained in the preceding section [63-1-19 NMSA 1978].

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levy.] No assessment shall be levied while any portion of a previous one remains unpaid, unless: A. the power of the corporation has been exercised in accordance with the provisions of this chapter, for the purpose of collecting such previous assessment; B. the collection of the previous assessment has been enjoined; or C. the assessment falls within the first proviso contained in the preceding section [63-1-19 NMSA 1978].