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New Mexico Statutes Chapter 48. Liens and Mortgages § 48-3-23. Possession; when lien shall not exist

Current as of January 01, 2024 | Updated by Findlaw Staff

The possession required under this act shall be physical custody. No lien shall exist where:

A. the article has not been delivered to the physical custody of the person or firm claiming the lien;

B. without fraud or false representation, the physical custody of the article has been surrendered by the person or firm performing the work or service;

C. the person or firm performing the work or service has accepted collateral security for payment of the amount due.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 48. Liens and Mortgages § 48-3-23. Possession; when lien shall not exist - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-48-liens-and-mortgages/nm-st-sect-48-3-23/

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