No lien provided for in this act shall bind any property subject thereto for a longer period than one year after the date on which the same is filed, unless proceedings be commenced in the district court within that time to enforce the same, or, if a credit be given, then one year after the expiration of such credit, but no such lien shall continue in force for a longer time than two years from the time the lien is filed by any agreement to give credit unless action to enforce the same shall have been commenced within that time.
History: Laws 1931, ch. 11, § 7; 1941 Comp., § 69-407; 1953 Comp., § 65-5-7.
Cross references. — For sales under execution and foreclosure, see 39-5-1 NMSA 1978 et seq.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 58 C.J.S. Mines and Minerals § 269.
Structure New Mexico Statutes
Article 4 - Liens on Wells and Pipelines
Section 70-4-2 - Labor, hauling and materials considered under continuous contract.
Section 70-4-3 - Liens of subcontractors.
Section 70-4-4 - Claim of lien; contents and filing.
Section 70-4-5 - Recording; index; fees.
Section 70-4-6 - Liability of owner limited to contract price.
Section 70-4-7 - Limitation of action to enforce.
Section 70-4-8 - Enforcement of lien.
Section 70-4-9 - Joinder of actions; attorney's fees; costs.
Section 70-4-10 - Definition of words "person" and "subcontractor".
Section 70-4-11 - Preference to laborers; no preference to first contractors.
Section 70-4-12 - Materials exempt from attachment.
Section 70-4-13 - Personal liability.