§ 42-5A-1 Short title
§ 42-5A-2 Definitions
§ 42-5A-3 Applicability; relation to other law
§ 42-5A-4 Service; notice by posting
§ 42-5A-5 Commissioners
§ 42-5A-6 Determination of value
§ 42-5A-7 Cotenant buyout
§ 42-5A-8 Partition alternatives
§ 42-5A-9 Considerations for partition in kind
§ 42-5A-10 Open-market sale, sealed bids or auction
§ 42-5A-11 Report of open-market sale
§ 42-5A-12 Uniformity of application and construction
§ 42-5A-13 Relation to Electronic Signatures in Global and National

Terms Used In New Mexico Statutes > Chapter 41 > Article 5A - Uniform Partition of Heirs Property

  • Appraisal: A determination of property value.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Intestate: Dying without leaving a will.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
  • Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent