Section 3-33-27 - Improvement district; acceptance of deed in lieu of foreclosure.

NM Stat § 3-33-27 (2019) (N/A)
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In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a municipality may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the municipality.

History: 1953 Comp., § 14-32-20, enacted by Laws 1965, ch. 300.