New Mexico Statutes
§ 72-17-50 — Ranking among different issues
New Mexico § 72-17-50
This text of New Mexico § 72-17-50 (Ranking among different issues) 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. § 72-17-50 (2026).
Text
All securities of the same issue or series shall, subject to the prior and superior rights of outstanding securities, claims and other obligations, have a prior, paramount and superior lien on the revenues pledged for the payment of the securities over and ahead of any lien thereagainst subsequently incurred of any other securities; provided, however, the resolution authorizing, or other instrument appertaining to, the issuance of any securities may provide for the subsequent authorization of bonds or other securities the lien for the payment of which on such revenues is on a parity with the lien thereon of the subject securities upon such conditions and subject to such limitations as said resolution or other instrument may provide.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 75-38-50, enacted by Laws 1967, ch. 156, § 50.
Nearby Sections
15
§ 72-1-1
Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
Pecos river basin land management fund§ 72-1-6
[Traveler's use of water.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 72-17-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-17-50.