3-33-29. Improvement district; title subject to redemption vests in
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/nm/chapter-3-municipalities/article-33-improvement-districts/3-33-29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
trustee.
Upon the acceptance or purchase of the tract or parcel of land as provided in Section 3-33-27 or 3-33-28 NMSA 1978, title to the tract or parcel of land, subject to the right of redemption provided by Subsection A of Section 3-33-30 NMSA 1978, vests in the trustee of the fund from which the assignable certificates or bonds are payable.
History: 1953 Comp., § 14-32-22, enacted by Laws 1965, ch. 300; 1991, ch. 199, § 19.