New Mexico Code § 3-16-16

City and county property vests in combined organization
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If there is a city and county consolidation, all property, real, personal or mixed, belonging to the city or county shall vest in and become the property of the combined municipal organization government immediately when the combined municipal organization government becomes operative.
History: 1953 Comp., § 14-15-16, enacted by Laws 1965, ch. 300.

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