New Mexico § 7-1-46 - Minimum prices
Full text of New Mexico New Mexico Statutes Annotated § 7-1-46 — Minimum prices, with citation guidance and answers to common questions.
§ 7-1-46. Minimum prices
Before the sale, the secretary or the secretary's delegate shall determine a minimum
price for which the property shall be sold, and if no person offers for the property
at the sale the amount of the minimum price, the property shall not be sold but the
sale shall be readvertised and held at a later time. In determining the minimum price, the secretary or the secretary's delegate shall
take into account and determine the expense of making the levy and sale.
Frequently Asked Questions About New Mexico § 7-1-46
What does New Mexico Statutes Annotated § 7-1-46 cover?
Section 7-1-46 ("Minimum prices") 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 § 7-1-46?
A common citation format is "New Mexico Statutes Annotated § 7-1-46" (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 § 7-1-46 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.