In order to verify the existence or the nonexistence of a security interest, a buyer in the ordinary course of business, commission merchant or selling agent may request a seller to disclose such seller's social security number or, in the case of a seller doing business other than as an individual, the internal revenue service taxpayer identification number of such seller.
History: Laws 1987, ch. 177, § 10.
Compiler's notes. — Laws 1995, ch. 190, § 19 amended Laws 1987, ch. 177, § 16, as amended by Laws 1992, ch. 8, § 1, to delete the provision providing that Laws 1987, ch. 177 is effective until July 1, 1997.
Structure 2021 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 13 - Farm Products Secured Interests
Section 56-13-1 - Short title.
Section 56-13-2 - Legislative purpose.
Section 56-13-3 - Definitions.
Section 56-13-4 - Implementation of central filing system.
Section 56-13-5 - Certification of system.
Section 56-13-7 - Continuation statement.
Section 56-13-8 - Lapse or waiver.
Section 56-13-9 - Oral and written inquiries.
Section 56-13-10 - Seller disclosure.
Section 56-13-11 - Adoption of rules and regulations.
Section 56-13-12 - Receipt of notice.
Section 56-13-13 - Rights of buyer in the ordinary course of business.