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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-1-43

Sale of indivisible property

Official textnmonesource.comlast amended

If any property of the taxpayer subject to levy is not divisible so as to enable the secretary or the secretary's delegate by sale of a part thereof to raise the whole amount of the tax and expenses, the whole of the taxpayer's interest in the property shall be sold but is always subject to redemption before sale according to the provisions of Section 7-1-47 NMSA 1978.

Amendment history

1953 Comp., § 72-13-57, enacted by Laws 1965, ch. 248, § 45; 1979, ch. 144, § 38; 2001, ch. 56, § 7.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-1-26 · Disputing liabilities; claim for rebate or refund
  2. 7-1-26.1 · Repealed
  3. 7-1-27 · 7-1-27
  4. 7-1-28 · Authority for abatements of assessments of tax
  5. 7-1-29 · Authority to make refunds, credits or rebates
  6. 7-1-29.1 · Awarding of costs and fees
  7. 7-1-29.2 · Credit claims
  8. 7-1-30 · Collection of penalties and interest
  9. 7-1-31 · Seizure of property by levy for collection of taxes
  10. 7-1-32 · Contents of warrant of levy
  11. 7-1-33 · Successive seizures
  12. 7-1-34 · Surrender of property subject to levy; penalty
  13. 7-1-35 · Stay of levy
  14. 7-1-36 · Property exempt from levy
  15. 7-1-37 · Assessment as lien
  16. 7-1-38 · Notice of lien
  17. 7-1-39 · 7-1-39
  18. 7-1-40 · Foreclosure of lien
  19. 7-1-41 · Notice of seizure
  20. 7-1-42 · Notice of sale
  21. 7-1-43 · Sale of indivisible property
  22. 7-1-44 · Requirements of sale
  23. 7-1-45 · Manner of sale or conversion to money
  24. 7-1-46 · Minimum prices
  25. 7-1-47 · Redemption before sale
  26. 7-1-48 · Documents of title
  27. 7-1-49 · Legal effect of certificate of sale
  28. 7-1-50 · Legal effect of deed to real property
  29. 7-1-51 · Proceeds of levy and sale
  30. 7-1-52 · Release of levy
  31. 7-1-53 · Enjoining delinquent taxpayer from continuing in business
  32. 7-1-54 · Security for payment of tax
  33. 7-1-55 · Contractor's bond for gross receipts; tax; penalty
  34. 7-1-56 · Sale of or proceedings against security
  35. 7-1-57 · Surety bonds
  36. 7-1-58 · Permanence of tax debt; civil actions to collect tax
  37. 7-1-59 · Jeopardy assessments
  38. 7-1-60 · Estoppel against state
  39. 7-1-61 · Duty of successor in business
  40. 7-1-62 · Duty of secretary; release of successor
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