Any purchaser of state lands under deferred payment contract, not in default as to any payment, may assign all right, title and interest under any such contract; provided, certified copy of the assignment shall be filed with the commissioner before same shall become effective. History: Laws 1912, ch. 82, § 61; Code 1915, § 5239; C.S. 1929, § 132-164; 1941 Comp., § 8-821; 1953 Comp., § 7-8-21. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Parties to assignment dispute. — Commissioner of public lands was not an indispensable party in dispute between private parties concerning assignment of an interest in land purchased from the state under deferred payment contract. Ballard v. Echols, 1970-NMSC-066, 81 N.M. 564, 469 P.2d 713. Partial assignments. — The commissioner of public lands may approve assignments of a portion of a purchase contract, providing he safeguards the right of the state in the transaction. 1924 Op. Att'y Gen. No. 24-3762, 1924 Op. Att'y Gen. No. 24-3762A.
New Mexico Legal Code