Bankruptcy Exemption Citations
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← New Mexico Personal Property Exemptions

Exemption: Building materials

Citation: Stat. - N.M. Stat. Ann. § 48-2-15

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N.M. Stat. Ann. § 48-2-15 :
Article 2. Mechanics' and Materialmen's Liens

NM Stat. 48-2-15 Materials exempt from attachment or execution for purchaser's debts

Whenever materials shall have been furnished for use in the construction, alteration or repair of any building or other improvement, such materials shall not be subject to attachment, execution or other legal process, to enforce any debt due by the purchaser of such materials, except a debt due for the purchase-money thereof, so long as in good faith the same are about to be applied to the construction, alteration or repair of such building, mining claim or other improvement.
Last Amended: 1953
1953
History: Laws 1880, ch. 16, § 15; C.L. 1884, § 1533; C.L. 1897, § 2230; Code 1915, § 3331; C.S. 1929, § 82-214; 1941 Comp., § 63-214; 1953 Comp., § 61-2-14.

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