New Mexico Statutes 73-13-23. When county be reinvested with title
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Provided, however, that if the amount of the lien to which the county treasurer’s deed shall be made, as provided by Section 2 [73-13-20 N.M. Stat. Ann.] hereof, be not fully paid within six years from the date of such deed, the county shall, at the expiration of such period, be and immediately become reinvested by operation of law, with the title conveyed thereby: and this amendment shall apply to tax deeds heretofore issued if three years have not expired after the date of said deeds and prior to the time this act shall go into effect.
Terms Used In New Mexico Statutes 73-13-23
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.