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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-1-45

Manner of sale or conversion to money

Official textnmonesource.comlast amended

All property levied upon, not consisting of money, shall be sold at public auction at one o'clock in the afternoon on the steps or in front of the courthouse of the county in which the property was located when levied upon or may be consigned to an auctioneer for sale. Payment may be accepted only in full and immediately after the acceptance of a bid for the property. Stocks, bonds, securities and similar property may be negotiated or surrendered for money in accordance with uniform regulations issued by the secretary, notwithstanding the above.

Amendment history

1953 Comp., § 72-13-59, enacted by Laws 1965, ch. 248, § 47; 1979, ch. 144, § 40; 2001, ch. 56, § 8.

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

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In this article (40 sections)
  1. 7-1-27 · 7-1-27
  2. 7-1-28 · Authority for abatements of assessments of tax
  3. 7-1-29 · Authority to make refunds, credits or rebates
  4. 7-1-29.1 · Awarding of costs and fees
  5. 7-1-29.2 · Credit claims
  6. 7-1-30 · Collection of penalties and interest
  7. 7-1-31 · Seizure of property by levy for collection of taxes
  8. 7-1-32 · Contents of warrant of levy
  9. 7-1-33 · Successive seizures
  10. 7-1-34 · Surrender of property subject to levy; penalty
  11. 7-1-35 · Stay of levy
  12. 7-1-36 · Property exempt from levy
  13. 7-1-37 · Assessment as lien
  14. 7-1-38 · Notice of lien
  15. 7-1-39 · 7-1-39
  16. 7-1-40 · Foreclosure of lien
  17. 7-1-41 · Notice of seizure
  18. 7-1-42 · Notice of sale
  19. 7-1-43 · Sale of indivisible property
  20. 7-1-44 · Requirements of sale
  21. 7-1-45 · Manner of sale or conversion to money
  22. 7-1-46 · Minimum prices
  23. 7-1-47 · Redemption before sale
  24. 7-1-48 · Documents of title
  25. 7-1-49 · Legal effect of certificate of sale
  26. 7-1-50 · Legal effect of deed to real property
  27. 7-1-51 · Proceeds of levy and sale
  28. 7-1-52 · Release of levy
  29. 7-1-53 · Enjoining delinquent taxpayer from continuing in business
  30. 7-1-54 · Security for payment of tax
  31. 7-1-55 · Contractor's bond for gross receipts; tax; penalty
  32. 7-1-56 · Sale of or proceedings against security
  33. 7-1-57 · Surety bonds
  34. 7-1-58 · Permanence of tax debt; civil actions to collect tax
  35. 7-1-59 · Jeopardy assessments
  36. 7-1-60 · Estoppel against state
  37. 7-1-61 · Duty of successor in business
  38. 7-1-62 · Duty of secretary; release of successor
  39. 7-1-63 · Assessment of tax due; application of payment
  40. 7-1-64 · Repealed
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