Statutes > New Mexico Statutes > Chapter 73 - Special Districts. > Article 17 - Conservancy Districts; General Provisions, 73-17-1 through 73-17-24. > Section 73-17-22 - Property, title, tax exempt.

Section 73-17-22 - Property, title, tax exempt.

73-17-22. Property, title, tax exempt.

Title to all rights and property acquired by any district, shall immediately and by operation of law, vest in such district in its corporate name; such property shall be held for the uses and purposes of the district, and shall be exempt from all taxation.