New Mexico § 19-7-10 - Restrictions on deferred payments
Full text of New Mexico New Mexico Statutes Annotated § 19-7-10 — Restrictions on deferred payments, with citation guidance and answers to common questions.
§ 19-7-10. Restrictions on deferred payments
At any time after sale and prior to the expiration of thirty years from the date of
the contract, the purchaser or his successor in interest may pay all or any part of
the purchase price due on any contract for purchase of state lands, but no payment
shall be accepted, other than the first payment, for less than one-thirtieth of ninety-five
per centum of the purchase price, nor be effective for credit on any date other than
the anniversary of the date of the contract next following the date of tender.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-7-10
What does New Mexico Statutes Annotated § 19-7-10 cover?
Section 19-7-10 ("Restrictions on deferred payments") 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 § 19-7-10?
A common citation format is "New Mexico Statutes Annotated § 19-7-10" (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 § 19-7-10 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.