New Mexico Statutes
§ 72-18-54 — Limitations upon payment of securities
New Mexico § 72-18-54
This text of New Mexico § 72-18-54 (Limitations upon payment of securities) 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. § 72-18-54 (2026).
Text
The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the district, except for revenues, tax proceeds and other money pledged for the payment of securities. Subject to those exceptions, no property of the district shall be liable to be forfeited or taken in payment of the securities.
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Legislative History
Laws 1981, ch. 377, § 54.
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 § 72-18-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-18-54.