Property Ownership
In New Mexico, when a married couple holds real property as community property, which statement is generally TRUE?
AEither spouse can sell the property without the other's consent
BBoth spouses must typically sign any conveyance or encumbrance of community real property✓ Correct
COnly the earning spouse can convey the property
DThe property automatically becomes the husband's separate property
Explanation
Under New Mexico community property law, both spouses must sign to convey or encumber community real property. One spouse cannot sell or mortgage community real estate without the other's consent.
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