§ 47-1-1 “Real estate” defined
§ 47-1-2 Monopolies; entailments; primogeniture
§ 47-1-4 [Conveyances authorized.]
§ 47-1-4.1 Actual authority; representatives of business entities;
§ 47-1-5 [Signing of conveyances.]
§ 47-1-6 Seal unnecessary
§ 47-1-7 [Powers of attorney and revocations thereof to be acknowledged and recorded.]
§ 47-1-8 [Conveyances under terminated power of attorney;
§ 47-1-9 [Notice of revocation or death by means of affidavit.]
§ 47-1-10 [Recordation of affidavit of termination of power of attorney.]
§ 47-1-11 [Instruments by agent authorized.]
§ 47-1-12 [Conveyance by decree or master.]
§ 47-1-13 [Lineal and collateral securities; contracts binding realty as against heirs and legal claimants.]
§ 47-1-14 [Effect of words “bargained and sold”.]
§ 47-1-15 [Joint grantees or devisees; tenancy in common.]
§ 47-1-16 [Instrument of conveyance; prima facie evidence of joint tenancy.]
§ 47-1-17 [Entailed estates.]
§ 47-1-18 [Reversion; “heirs” and “successors” defined.]
§ 47-1-19 [Rights of heirs of life tenant when made remaindermen.]
§ 47-1-20 [Remainder to unborn child.]
§ 47-1-21 [Future possession dependent on death without heirs;
§ 47-1-22 [Grants of rents, returns or remainders.]
§ 47-1-23 [Transfer of reversion authorized.]
§ 47-1-24 [Rights of transferee of reversion.]
§ 47-1-26 [Tax assessment or payment in name of nonowner is not cloud on title.]
§ 47-1-27 [“Statutory forms” of conveyance and mortgage of real property.]
§ 47-1-28 [Applicability from effective date of act.]
§ 47-1-29 [“Warranty deed” effective in fee simple.]
§ 47-1-30 [“Quitclaim deed” effective in fee simple without warranty.]
§ 47-1-31 [“Special warranty deed”; effect.]
§ 47-1-32 [“Grant” effective as a word of conveyance.]
§ 47-1-33 [Unnecessary terms; construction of deeds or reservations.]
§ 47-1-34 [Rights included without enumeration.]
§ 47-1-35 [Conveyance or mortgage to joint tenants.]
§ 47-1-36 Joint tenancies defined; creation
§ 47-1-37 [Effect of warranty covenants in conveyances.]
§ 47-1-38 [Effect of special warranty covenants in conveyances.]
§ 47-1-39 [Mortgage or deed of trust provisions; effect.]
§ 47-1-40 [Construction of “mortgage covenants”.]
§ 47-1-41 Construction of “statutory mortgage condition”
§ 47-1-42 [Sheriff designated as successor trustee.]
§ 47-1-43 [Verb “assign” sufficient to transfer interest.]
§ 47-1-44 Conveyancing forms
§ 47-1-45 [Real estate brokerage agreements required to be in writing.]
§ 47-1-46 [Real estate descriptions by reference to recorded instruments.]
§ 47-1-47 [Recovery of realty donated to state or municipality for specific purposes.]
§ 47-1-48 [Rules applicable; service of process.]
§ 47-1-49 New Mexico coordinate system; zones
§ 47-1-50 Zone designations
§ 47-1-51 Plane coordinates, x and y; definition
§ 47-1-52 Description of land located in more than one zone
§ 47-1-53 Definition of coordinate system according to U.S. coast and geodetic survey [national ocean survey and national geodetic survey]
§ 47-1-54 Recordation of land description based on coordinate system; limitation
§ 47-1-55 [Use on maps, reports of survey or other documents.]
§ 47-1-56 Use of coordinate system
§ 47-1-57 Use of scrivener’s-error affidavits
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Terms Used In New Mexico Statutes > Chapter 47 > Article 1 - Conveyances and General Provisions

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Donor: The person who makes a gift.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Statute: A law passed by a legislature.
  • Testator: A male person who leaves a will at death.
  • Testify: Answer questions in court.
  • Trustee: A person or institution holding and administering property in trust.