Statutes > New Mexico Statutes > Chapter 19 - Public Lands. > Article 7 - Sale and Lease of Lands, 19-7-1 through 19-7-69. > Section 19-7-48 - Existing collateral assignments ratified; application of act thereto.

Section 19-7-48 - Existing collateral assignments ratified; application of act thereto.

19-7-48. [Existing collateral assignments ratified; application of act thereto.]

All existing collateral assignments heretofore filed and approved by the commissioner of public lands covering either state leases or state land purchase contracts are hereby ratified and the provisions of this act [19-7-37, 19-7-46 to 19-7-48 NMSA 1978] are hereby made applicable thereto.