New Mexico Statutes
Article 11 - Herding
Section 77-11-5 - [Effect of failure to file contracts.]

The failure to file any such partido or herding contract, as hereinbefore in this act [77-11-2 to 77-11-4 NMSA 1978] provided, shall render the same void as to subsequent mortgages [mortgagees] in good faith, purchasers for value without notice and subsequent judgment or attaching creditors without notice, from the date of the entry of such judgment or the levy of such attachment; as against trustees in bankruptcy, receivers from the date of filing the order of appointment and assignees for the benefit of creditors from the date of the recording of the assignment.
History: Laws 1923, ch. 14, § 5; C.S. 1929, § 4-315; Laws 1939, ch. 60, § 4; 1941 Comp., § 49-1205; 1953 Comp., § 47-12-5.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Structure New Mexico Statutes