Section 19-7-20 - Assignment of contracts not in default; certified copy to be filed with commissioner. - New Mexico Statutes

19-7-20. [Assignment of contracts not in default; certified copy to be filed with commissioner.]

Any purchaser of state lands under deferred payment contract, not in default as to any payment, may assign all right, title and interest under any such contract; provided, certified copy of the assignment shall be filed with the commissioner before same shall become effective.