A. Any money derived by a peace officer from the sale of unclaimed personal property shall be paid to the appropriate treasurer for credit to the general fund of the state, county or municipality.
B. Any person purchasing unclaimed personal property at a public auction conducted by a peace officer has good title to the property. The true owner of the unclaimed personal property is divested of any right to the property and is estopped from making any claim to the property.
History: Laws 1983, ch. 50, § 3.
Law reviews. — For comment, "Regional Planning - Subdivision Control - New Mexico's New Municipal Code," see 6 Nat. Res. J. 135 (1966).
Structure New Mexico Statutes
Article 1 - Peace Officers in General
Section 29-1-2 - [Stolen livestock and other property; duties.]
Section 29-1-3 - [Arrest and detention of escaped prisoners.]
Section 29-1-4 - [Officers' duties under 29-1-3.]
Section 29-1-5 - [Penalty for violation by sheriff, constable or deputy; surety's liability.]
Section 29-1-6 - [Penalty for violation by magistrate.]
Section 29-1-7 - Execution of process; officer may call aid.
Section 29-1-8 - [Penalty for refusing to aid officer; action to recover.]
Section 29-1-9 - Appointment of peace officers; citizenship certificate of appointment; exceptions.
Section 29-1-10 - [Law enforcement agencies, state and local; participation in federal programs.]
Section 29-1-10.1 - Federal funds; receipt and expenditure for law enforcement activities.
Section 29-1-12 - Authorization to maintain and retake custody of Arizona prisoners.
Section 29-1-13 - Unclaimed property; inventory.
Section 29-1-15 - Proceeds of sale; title to property vests in purchaser.
Section 29-1-16 - Electronic recordings of custodial interrogations.