New Mexico Statutes 48-3-23. Possession; when lien shall not exist
Current as of: 2024 | Check for updates
|
Other versions
The possession required under this act N.M. Stat. Ann. § 48-3-22 to 48-3-27 shall be physical custody. No lien shall exist where:
Terms Used In New Mexico Statutes 48-3-23
- Fraud: Intentional deception resulting in injury to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
A. the article has not been delivered to the physical custody of the person or firm claiming the lien;
B. without fraud or false representation, the physical custody of the article has been surrendered by the person or firm performing the work or service;
C. the person or firm performing the work or service has accepted collateral security for payment of the amount due.