Section 7-1-51 - Proceeds of levy and sale.
7-1-51. Proceeds of levy and sale.
A. Money realized by levy or sale under provision of the Tax Administration Act [7-1-1 NMSA 1978] shall be first applied against the expenses of the proceedings;
B. The amount, if any, remaining shall then be applied to the liability for tax in respect of which the levy was made; and
C. The balance, if any, remaining shall be returned to a person legally entitled thereto.