New Mexico Statutes 19-7-20. [Assignment of contracts not in default; certified copy to be filed with commissioner.]
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Any purchaser of state lands under deferred payment contract, not in default as to any payment, may assign all right, title and interest under any such contract; provided, certified copy of the assignment shall be filed with the commissioner before same shall become effective.
Terms Used In New Mexico Statutes 19-7-20
- Contract: A legal written agreement that becomes binding when signed.