No execution shall issue against any security on any promissory note, bond, bond for costs, appeal bond or other obligation for the payment of money or property, until execution shall have been first issued against the principal in any such note or obligation, and levied upon all the real estate or other property of said principal, which may be within the jurisdiction of the court, in which the judgment may have been rendered: provided, that whenever the plaintiff in any such execution shall file in the court, in which the judgment is pending, an affidavit in relation to such security or securities similar to the one required by law to be filed previous to issuing an attachment, then in such case execution shall issue simultaneously against the principal and the security against whom the said affidavit be filed.
History: Laws 1856-1857, p. 42; C.L. 1865, ch. 34, § 18; C.L. 1884, § 2170; C.L. 1897, § 3118; Code 1915, § 2201; C.S. 1929, § 46-112; 1941 Comp., § 21-111; 1953 Comp., § 24-1-19.
Cross references. — For affidavit for issuance of attachment, see 42-9-5 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 33 C.J.S. Executions § 15.
Structure New Mexico Statutes
Chapter 39 - Judgments, Costs, Appeals
Article 4 - Recovery on Judgments
Section 39-4-1 - [Right to execution; issuance; levy and sale; jurisdiction.]
Section 39-4-2 - [Property subject to execution.]
Section 39-4-3 - [Levy; insufficient property; garnishment proceedings.]
Section 39-4-4 - Filing notice of levy on real estate; recording and indexing; release of levy.
Section 39-4-7 - [Bond to retain possession of goods until sale.]
Section 39-4-8 - [Failure to return bond; insufficient bond; liability of officer.]
Section 39-4-9 - [Time limit on return of district court executions; sale; control of writ.]
Section 39-4-10 - [Execution against sureties.]
Section 39-4-11 - [Execution against corporation; information to be furnished.]
Section 39-4-12 - [Assignment of debts due corporation.]
Section 39-4-13 - [Judgment lien on real estate; foreclosure suit; sale.]
Section 39-4-14 - [Execution and appraisal not prerequisites to bringing of suit.]
Section 39-4-15 - [Pleading claim of exemption.]
Section 39-4-16 - [Procedure not exclusive; existing remedies unaltered.]