New Mexico Statutes 47-1-30. [“Quitclaim deed” effective in fee simple without warranty.]
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A deed in substance following the form entitled “quitclaim deed” shall, when duly executed, have the force and effect of a deed in fee simple to the grantee, his heirs and assigns, to his and their own use of any interest the grantor owns in the premises, without warranty.
Terms Used In New Mexico Statutes 47-1-30
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Grantor: The person who establishes a trust and places property into it.