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Current as of January 01, 2024 | Updated by Findlaw Staff
In cases of mortgage foreclosures of property on which there is a growing crop and when the proceeding has been commenced after March 15 of any year, the mortgagor shall not be dispossessed by any means whatsoever until the crop has been fully harvested, and the mortgagor shall be entitled to retain the crops; provided, however, that the mortgage instrument may provide otherwise.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 39. Judgments, Costs, Appeals § 39-5-16. Foreclosure after March 15; growing crops - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-39-judgments-costs-appeals/nm-st-sect-39-5-16/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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