§ 48-2A-1 Short title
§ 48-2A-2 Purpose
§ 48-2A-3 Definitions
§ 48-2A-4 Requirements for disclosure; owners and construction lenders
§ 48-2A-5 Stop notices; contents
§ 48-2A-6 Notices
§ 48-2A-7 Stop notices; bonds
§ 48-2A-8 Distribution of construction funds; liability
§ 48-2A-9 Limitations for filing suit by claimant
§ 48-2A-10 Claim satisfied notice; procedure; contents; penalty
§ 48-2A-11 Discharge; penalty
§ 48-2A-12 Purchase closing; penalty

Terms Used In New Mexico Statutes > Chapter 48 > Article 2A - Stop Notice Act

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.