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New Mexico Statutes Chapter 7. Taxation § 7-1-56. Sale of or proceedings against security

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

If liability for any tax for the payment of which security has been furnished becomes conclusive, the department may:

A. redeem for cash or, as specified in the Tax Administration Act for sale of property levied upon, sell such security; or

B. compel the surety directly to discharge the liability for payment of the principal debtor by serving demand upon him therefor.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-1-56. Sale of or proceedings against security - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-1-56/

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