New Mexico § 7-1-45 - Manner of sale or conversion to money
Full text of New Mexico New Mexico Statutes Annotated § 7-1-45 — Manner of sale or conversion to money, with citation guidance and answers to common questions.
§ 7-1-45. Manner of sale or conversion to money
All property levied upon, not consisting of money, shall be sold at public auction
at one o'clock in the afternoon on the steps or in front of the courthouse of the
county in which the property was located when levied upon or may be consigned to an
auctioneer for sale. Payment may be accepted only in full and immediately after the acceptance of a bid
for the property. Stocks, bonds, securities and similar property may be negotiated or surrendered
for money in accordance with uniform regulations issued by the secretary, notwithstanding
the above.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-45
What does New Mexico Statutes Annotated § 7-1-45 cover?
Section 7-1-45 ("Manner of sale or conversion to money") 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 § 7-1-45?
A common citation format is "New Mexico Statutes Annotated § 7-1-45" (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 § 7-1-45 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.