NMSA 1978, § 7-1-49 — Legal effect of certificate of sale

In all cases of sale of property other than real property, the certificate of sale
provided for in Section 7-1-48 NMSA 1978 shall:

# A.

be prima facie evidence of the right of the department to make the sale and
conclusive evidence of the regularity of the proceedings in making the sale;

# B.

transfer to the purchaser all right, title and interest of the delinquent taxpayer in
and to the property sold, subject to all outstanding prior interests and encumbrances of
record and free of any subsequent encumbrance;

# C.

if such property consists of stock certificates, be notice, when received, to any
corporation, company or association of such transfer and be authority to such
corporation, company or association to record the transfer on its books and records in
the same manner as if the stock certificates were transferred or assigned by the record
owner;

# D.

if the subject of sale is securities or other evidences of debt, be a good and valid
receipt to the person holding the same, as against any person holding or claiming to
hold possession of the securities or other evidences of debt; and

# E.

if such property consists of a motor vehicle as represented by its title, be notice,
when received, to any public official charged with the registration of title to motor
vehicles of the transfer and be authority to that official to record the transfer on the
official's books and records in the same manner as if the certificate of title to the motor
vehicle were transferred or assigned by the record owner.