New Mexico § 44-5-4 - Judgments, conveyances and contracts founded on gambling loss void; suit to declare void; parties

§ 44-5-4. Judgments, conveyances and contracts founded on gambling loss void; suit to declare void; parties

All judgments, securities, bonds, bills, notes or conveyances, when the consideration

is money or property won at gambling, or at any game or gambling device, shall be

void, and may be set aside or vacated by any court of equity upon a bill filed for

that purpose, by the person so granting, giving, entering into or executing the same

or by any creditor or by his executors, administrators, or by any heir, purchaser

or other persons interested therein; provided however, that the holder in due course

of any such security, bond, bill or note which is otherwise negotiable holds such

instrument free from any defect of title of prior parties, and free from defenses

available to prior parties among themselves, and may enforce payment of such instrument

for the full amount thereof against all parties liable thereon.