Regents of the New Mexico College of Agriculture & Mechanic Arts v. Academy of Aviation, Inc.

OPINION

COMPTON, Chief Justice.

The State of New Mexico appeals that portion of the judgment of the Dona Ana County District Court distributing monies originally owed by plaintiff to the defendant, Mesilla Valley Flying Service, Inc., and subsequently assigned by Mesilla to Academy of Aviation, Inc. The judgment awarded $500.00 to the Academy, $500.00 to Theodore O. Ryan, as assignee for benefit of creditors of defendant Mesilla, $353.64 to the State of New Mexico, and $3,813.65 to the United States of America.

The State claims priority by reason of its tax assessment against Mesilla. The United…