New Mexico § 19-7-30 - Grazing or agricultural leases; maximum term; method of payment
Full text of New Mexico New Mexico Statutes Annotated § 19-7-30 — Grazing or agricultural leases; maximum term; method of payment, with citation guidance and answers to common questions.
§ 19-7-30. Grazing or agricultural leases; maximum term; method of payment
All leases for grazing or agricultural purposes shall be for a term of not exceeding
five years except as provided in this chapter. All rents are payable cash in advance or, if the lessee so elects, may be divided
into five equal annual payments as follows: one-fifth in advance, the remainder to
be evidenced by four equal joint and several promissory notes of even date with the
lease, signed by the lessee and by two other persons satisfactory to the commissioner,
due in one, two, three and four years respectively, but the commissioner may by regulation
provide for waiving the promissory note requirement and may also by regulation provide
for acceptance of a surety bond in lieu of promissory notes. All leases shall terminate on the thirtieth of September.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-7-30
What does New Mexico Statutes Annotated § 19-7-30 cover?
Section 19-7-30 ("Grazing or agricultural leases; maximum term; method of payment") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 19-7-30?
A common citation format is "New Mexico Statutes Annotated § 19-7-30" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 19-7-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.