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NEW MEXICO STATUTES AND CODES
Section 7-24A-19 - Foreclosure.
7-24A-19. Foreclosure.
If the interest or any serial maturity of any bond is in default, any obligee may foreclose against the county or municipality under the same procedure provided for foreclosure of real estate mortgages. The district court may appoint a receiver to operate the transit facilities or operation in default.
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