New Mexico Statutes 3-33-29. Improvement district; title subject to redemption vests in trustee
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Upon the acceptance or purchase of the tract or parcel of land as provided in Section 3-33-27 or 3-33-28 N.M. Stat. Ann., title to the tract or parcel of land, subject to the right of redemption provided by Subsection A of Section 3-33-30 N.M. Stat. Ann., vests in the trustee of the fund from which the assignable certificates or bonds are payable.
Terms Used In New Mexico Statutes 3-33-29
- Trustee: A person or institution holding and administering property in trust.