NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-1-47
Redemption before sale
Any person whose property has been levied upon shall have the right to pay the amount due, together with the expenses of the proceeding, or furnish acceptable security for the payment thereof according to the provisions of Section 7-1-54 NMSA 1978 to the department at any time prior to the sale thereof, and upon payment or furnishing of security, the secretary or the secretary's delegate shall restore the property to that person, and all further proceedings in connection with the levy on the property shall cease from the time of the payment. Any person who has a sufficient interest in property or rights to property levied upon to entitle the person to redeem it from sale, according to the provisions of this section, who does pay the amount due and accomplishes the redemption shall have a lien against the property in the amount paid and may file a notice thereof in the records of any county in the state in which the property is located and may foreclose the lien as provided by law.
Amendment history
1953 Comp., § 72-13-61, enacted by Laws 1965, ch. 248, § 49; 1979, ch. 144, § 42; 2001, ch. 56, § 10.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 7-1-29 · Authority to make refunds, credits or rebates
- 7-1-29.1 · Awarding of costs and fees
- 7-1-29.2 · Credit claims
- 7-1-30 · Collection of penalties and interest
- 7-1-31 · Seizure of property by levy for collection of taxes
- 7-1-32 · Contents of warrant of levy
- 7-1-33 · Successive seizures
- 7-1-34 · Surrender of property subject to levy; penalty
- 7-1-35 · Stay of levy
- 7-1-36 · Property exempt from levy
- 7-1-37 · Assessment as lien
- 7-1-38 · Notice of lien
- 7-1-39 · 7-1-39
- 7-1-40 · Foreclosure of lien
- 7-1-41 · Notice of seizure
- 7-1-42 · Notice of sale
- 7-1-43 · Sale of indivisible property
- 7-1-44 · Requirements of sale
- 7-1-45 · Manner of sale or conversion to money
- 7-1-46 · Minimum prices
- 7-1-47 · Redemption before sale
- 7-1-48 · Documents of title
- 7-1-49 · Legal effect of certificate of sale
- 7-1-50 · Legal effect of deed to real property
- 7-1-51 · Proceeds of levy and sale
- 7-1-52 · Release of levy
- 7-1-53 · Enjoining delinquent taxpayer from continuing in business
- 7-1-54 · Security for payment of tax
- 7-1-55 · Contractor's bond for gross receipts; tax; penalty
- 7-1-56 · Sale of or proceedings against security
- 7-1-57 · Surety bonds
- 7-1-58 · Permanence of tax debt; civil actions to collect tax
- 7-1-59 · Jeopardy assessments
- 7-1-60 · Estoppel against state
- 7-1-61 · Duty of successor in business
- 7-1-62 · Duty of secretary; release of successor
- 7-1-63 · Assessment of tax due; application of payment
- 7-1-64 · Repealed
- 7-1-65 · Reciprocal enforcement of tax judgments
- 7-1-66 · 7-1-66