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NEW MEXICO STATUTES AND CODES
Section 19-7-19 - Failure to comply with contract; forfeiture at option of commissioner.
19-7-19. [Failure to comply with contract; forfeiture at option of commissioner.]
Failure by a purchaser of state lands to comply with the terms and conditions of his contract of purchase shall, at the option of the commissioner, work a forfeiture of such contract after notice as prescribed by Section 19-7-50 NMSA 1978.
In case of forfeiture all moneys theretofore paid on any such contract shall remain the property of the state.
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