If liability for any tax for the payment of which security has been furnished becomes conclusive, the department may: A. redeem for cash or, as specified in the Tax Administration Act for sale of property levied upon, sell such security; or B. compel the surety directly to discharge the liability for payment of the principal debtor by serving demand upon him therefor. History: 1953 Comp., § 72-13-69, enacted by Laws 1965, ch. 248, § 57; 1979, ch. 144, § 50; 2001, ch. 56, § 15. ANNOTATIONSCross references. — For sale of property for taxes generally, see 7-1-42 to 7-1-52 NMSA 1978. The 2001 amendment, effective July 1, 2001, substituted 'department' for 'director or his delegate' in the introductory language of the section.
New Mexico Legal Code