New Mexico § 72-16-51 Ranking among securities of same issue

New Mexico Statutes

§ 72-16-51 — Ranking among securities of same issue

New Mexico·Ch. 72 Water Law·Art. 16 Albuquerque Metropolitan Arroyo Flood Control

All securities of the same issue or series shall be equally and ratably secured without priority by reason of number, date of maturity, date of securities, of sale, of execution, or of delivery, by a lien on said revenues in accordance with the provisions of this act [Chapter 72, Article 16 NMSA 1978] and the resolution authorizing, or other instrument appertaining to, said securities, except to the extent such resolution or other instrument shall otherwise expressly provide.

Free access — add to your briefcase to read the full text and ask questions with AI

All securities of the same issue or series shall be equally and ratably secured without priority by reason of number, date of maturity, date of securities, of sale, of execution, or of delivery, by a lien on said revenues in accordance with the provisions of this act [Chapter 72, Article 16 NMSA 1978] and the resolution authorizing, or other instrument appertaining to, said securities, except to the extent such resolution or other instrument shall otherwise expressly provide.

New Mexico § 72-16-51 (Ranking among securities of same issue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.