New Mexico § 19-10-18 - No bids made; subsequent lease
Full text of New Mexico New Mexico Statutes Annotated § 19-10-18 — No bids made; subsequent lease, with citation guidance and answers to common questions.
§ 19-10-18. No bids made; subsequent lease
A. If no bid is received for any lease offered by notice of sale as provided in Section 19-10-17 NMSA 1978 on a tract classified as restricted and categorized as regular, then the tract or
tracts upon which no bids are received may be leased by the commissioner to the first
applicant for the respective tracts any time within ten days after the sale at not
less than the minimum amount of rental and bonus, if any, specified in the notice
of sale. B. If no bid is received for any lease offered by notice of sale as provided herein
on a tract classified as restricted and categorized as premium, then the tract or
tracts upon which no bids are received may be reoffered for lease by the commissioner
at some subsequent sale or may be offered for lease at some subsequent sale, as a
restricted tract or tracts, categorized as regular.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-18
What does New Mexico Statutes Annotated § 19-10-18 cover?
Section 19-10-18 ("No bids made; subsequent lease") 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 § 19-10-18?
A common citation format is "New Mexico Statutes Annotated § 19-10-18" (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 § 19-10-18 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.