Section 4-55A-23 - Improvement district; acceptance of deed in lieu of foreclosure.

NM Stat § 4-55A-23 (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 county may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the county.

History: Laws 1980, ch. 91, § 23.