New Mexico § 12-1-12 - Sale of debentures
Full text of New Mexico New Mexico Statutes Annotated § 12-1-12 — Sale of debentures, with citation guidance and answers to common questions.
§ 12-1-12. Sale of debentures
Said debentures shall be sold by the state treasurer to the highest bidder for cash
at not less than par and accrued interest at such times and in such amounts as may
be determined by the New Mexico compilation commission, after advertising the time
and place of sale in such manner as the commission may determine. Provided, however, that said debentures or any part thereof may be sold by the state
treasurer at any time at private sale without advertisement for not less than par
and accrued interest. The state treasurer may, with the approval of the state board of finance, and other
officials whose approval is required by law for investment of public funds, purchase
any or all of such debentures at not less than par and accrued interest without the
necessity of advertising or offering said debentures for public sale or after rejection
of bids for all or part of any issue.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 12-1-12
What does New Mexico Statutes Annotated § 12-1-12 cover?
Section 12-1-12 ("Sale of debentures") 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 § 12-1-12?
A common citation format is "New Mexico Statutes Annotated § 12-1-12" (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 § 12-1-12 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.