New Mexico § 19-7-43 - Conditions for approval; right of cancellation reserved; preference of state liens
Full text of New Mexico New Mexico Statutes Annotated § 19-7-43 — Conditions for approval; right of cancellation reserved; preference of state liens, with citation guidance and answers to common questions.
§ 19-7-43. Conditions for approval; right of cancellation reserved; preference of state liens
No such assignment shall be approved by the commissioner of public lands until all
delinquent payments on the lease or purchase contract so assigned have been paid;
and nothing herein contained shall prevent the commissioner of public lands from canceling
any lease or purchase contract so assigned because of the failure to make any payments
due thereon, or for any noncompliance with the provisions of said lease or purchase
contract. None of the provisions of this act shall be held to give any assignee or purchaser
any preference or priority over the lien or claim of the state on any lease or purchase
contract so assigned, or the improvements thereon, as now or hereafter provided by
law; and any such assignment and any rights acquired on any foreclosure thereof shall
be subject to the lien and claim of the state on such lease or purchase contract and
the improvements thereon.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-7-43
What does New Mexico Statutes Annotated § 19-7-43 cover?
Section 19-7-43 ("Conditions for approval; right of cancellation reserved; preference of state liens") 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 § 19-7-43?
A common citation format is "New Mexico Statutes Annotated § 19-7-43" (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 § 19-7-43 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.