The possession required under this act [48-3-22 to 48-3-27 NMSA 1978] 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.
History: 1941 Comp., § 63-318, enacted by Laws 1953, ch. 125, § 2; 1953 Comp., § 61-3-21.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Right to require security as condition of canceling lien of record or of recording payment, 2 A.L.R.2d 1064.
Structure New Mexico Statutes
Chapter 48 - Liens and Mortgages
Article 3 - Liens on Personal Property
Section 48-3-1 - Liens for manufacture or repairs; motor vehicles.
Section 48-3-2 - [Labor liens on horse-drawn vehicles.]
Section 48-3-4 - [Blacksmith's lien.]
Section 48-3-5 - Landlords' liens.
Section 48-3-6 - Landlord's preference in bankruptcy or insolvency proceedings.
Section 48-3-7 - Liens for board, feed, shelter or pasture; priority.
Section 48-3-8 - [Common carriers' liens.]
Section 48-3-9 - [Loss of lien.]
Section 48-3-10 - [Priorities between liens.]
Section 48-3-11 - [Acceptance of collateral security waives lien.]
Section 48-3-12 - [Assignability of liens.]
Section 48-3-13 - Enforcement of liens; optional methods.
Section 48-3-14 - Advertisement and sale of property.
Section 48-3-15 - [Disposition of proceeds of sale; purchase by lien claimant.]
Section 48-3-16 - Liens of owners and operators of public accommodations.
Section 48-3-17 - [Priority and enforcement of lien.]
Section 48-3-18 - [Penalty for removal of property on which lien has attached.]
Section 48-3-19 - Lien for towing, storage or wrecker service for automobiles.
Section 48-3-20 - [Rights of holder of lien for automobile service.]
Section 48-3-21 - Definitions.
Section 48-3-22 - Lien for work or services by retaining possession.
Section 48-3-23 - Possession; when lien shall not exist.
Section 48-3-24 - Lien not exclusive.
Section 48-3-25 - Enforcement of lien.
Section 48-3-26 - Sale to enforce lien.
Section 48-3-27 - Disposition of proceeds of sale.
Section 48-3-29 - Lien for repair or service to aircraft; detention; priority; enforcement.