New Mexico Statutes
Chapter 55 - Uniform Commercial Code

Section 55-8-115 - Securities intermediary and others not liable to adverse claimant. - A securities intermediary that has transferred a financial asset pursuant...

Section 55-8-116 - Securities intermediary as purchaser for value. - A securities intermediary that receives a financial asset and establishes...

Part 2 - ISSUE AND ISSUER

Section 55-8-201 - Issuer. - (a) With respect to an obligation on or a defense...

Section 55-8-202 - Issuer's responsibility and defenses; notice of defect or defense. - (a) Even against a purchaser for value and without notice,...

Section 55-8-203 - Staleness as notice of defect or defense. - After an act or event, other than a call that...

Section 55-8-204 - Effect of issuer's restriction on transfer. - A restriction on transfer of a security imposed by the...

Section 55-8-205 - Effect of unauthorized signature on security certificate. - An unauthorized signature placed on a security certificate before or...

Section 55-8-206 - Completion or alteration of security certificate. - (a) If a security certificate contains the signatures necessary to...

Section 55-8-207 - Rights and duties of issuer with respect to registered owners. - (a) Before due presentment for registration of transfer of a...

Section 55-8-208 - Effect of signature of authenticating trustee, registrar or transfer agent. - (a) A person signing a security certificate as authenticating trustee,...

Section 55-8-209 - Issuer's lien. - A lien in favor of an issuer upon a certificated...

Section 55-8-210 - Overissue. - (a) In this section, "overissue" means the issue of securities...

Part 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

Section 55-8-301 - Delivery. - (a) Delivery of a certificated security to a purchaser occurs...

Section 55-8-302 - Rights of purchaser. - (a) Except as otherwise provided in Subsections (b) and (c)...

Section 55-8-303 - Protected purchaser. - (a) "Protected purchaser" means a purchaser of a certificated or...

Section 55-8-304 - Indorsement. - (a) An indorsement may be in blank or special. An...

Section 55-8-305 - Instruction. - (a) If an instruction has been originated by an appropriate...

Section 55-8-306 - Effect of guaranteeing signature, indorsement or instruction. - (a) A person who guarantees a signature of an indorser...

Section 55-8-307 - Purchaser's right to requisites for registration of transfer. - Unless otherwise agreed, the transferor of a security on due...

Section 55-8-308 to 55-8-321 - Repealed. - Repeals. — Laws 1996, ch. 47, § 70 repealed 55-8-308...

Part 4 - REGISTRATION

Section 55-8-401 - Duty of issuer to register transfer. - (a) If a certificated security in registered form is presented...

Section 55-8-402 - Assurance that indorsement or instruction is effective. - (a) An issuer may require the following assurance that each...

Section 55-8-403 - Demand that issuer not register transfer. - (a) A person who is an appropriate person to make...

Section 55-8-404 - Wrongful registration. - (a) Except as otherwise provided in Section 55-8-406 NMSA 1978,...

Section 55-8-405 - Replacement of lost, destroyed or wrongfully taken security certificate. - (a) If an owner of a certificated security, whether in...

Section 55-8-406 - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate. - If a security certificate has been lost, apparently destroyed or...

Section 55-8-407 - Authenticating trustee, transfer agent and registrar. - A person acting as authenticating trustee, transfer agent, registrar or...

Section 55-8-408 - Repealed. - Repeals. — Laws 1996, ch. 47, § 70 repealed 55-8-408,...

Part 5 - SECURITY ENTITLEMENTS

Section 55-8-501 - Securities account; acquisition of security entitlement from securities intermediary. - (a) "Securities account" means an account to which a financial...

Section 55-8-502 - Assertion of adverse claim against entitlement holder. - An action based on an adverse claim to a financial...

Section 55-8-503 - Property interest of entitlement holder in financial asset held by securities intermediary. - (a) To the extent necessary for a securities intermediary to...

Section 55-8-504 - Duty of securities intermediary to maintain financial asset. - (a) A securities intermediary shall promptly obtain and thereafter maintain...

Section 55-8-505 - Duty of securities intermediary with respect to payments and distributions. - (a) A securities intermediary shall take action to obtain a...

Section 55-8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder. - A securities intermediary shall exercise rights with respect to a...

Section 55-8-507 - Duty of securities intermediary to comply with entitlement order. - (a) A securities intermediary shall comply with an entitlement order...

Section 55-8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding. - A securities intermediary shall act at the direction of an...

Section 55-8-509 - Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder. - (a) If the substance of a duty imposed upon a...

Section 55-8-510 - Rights of purchaser of security entitlement from entitlement holder. - (a) In a case not covered by the priority rules...

Section 55-8-511 - Priority among security interests and entitlement holders. - (a) Except as otherwise provided in Subsections (b) and (c),...

Article 9 - Secured Transactions

Part 1 - GENERAL PROVISIONS

Subpart 1 - SHORT TITLE, DEFINITIONS, ANDGENERAL CONCEPTS

Section 55-9-101 - Short title. - Chapter 55, Article 9 NMSA 1978 may be cited as...

Section 55-9-102 - Definitions and index of definitions. - (a) In Chapter 55, Article 9 NMSA 1978: (1) "accession"...

Section 55-9-103 - Purchase-money security interest; application of payments; burden of establishing. - (a) In this section: (1) "purchase-money collateral" means goods or...

Section 55-9-104 - Control of deposit account. - (a) A secured party has control of a deposit account...

Section 55-9-105 - Control of electronic chattel paper. - (a) A secured party has control of electronic chattel paper...

Section 55-9-106 - Control of investment property. - (a) A person has control of a certificated security, uncertificated...

Section 55-9-107 - Control of letter-of-credit right. - A secured party has control of a letter-of-credit right to...

Section 55-9-108 - Sufficiency of description. - (a) Except as otherwise provided in Subsections (c), (d) and...

Subpart 2 - APPLICABILITY OF ARTICLE

Section 55-9-109 - Scope. - (a) Except as otherwise provided in Subsections (c) and (d)...

Section 55-9-110 - Security interests arising under Chapter 55, Article 2 or 2A NMSA 1978. - A security interest arising under Section 55-2-401, 55-2-505, Subsection (3)...

Section 55-9-111 - Repealed. - Repeals. — Laws 1992, ch. 114, § 237C repeals 55-9-111...

Section 55-9-112 - Superseded. - Compiler's notes. — Several sections of former Article 9 were...

Section 55-9-113 - Superseded. - Compiler's notes. — Several sections of former Article 9 were...

Section 55-9-114 - Superseded. - Compiler's notes. — Several sections of former Article 9 were...

Section 55-9-115 - Superseded. - Compiler's notes. — Several sections of former Article 9 were...

Section 55-9-116 - Superseded. - Compiler's notes. — Several sections of former Article 9 were...

Part 2 - EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT

Subpart 1 - EFFECTIVENESS AND ATTACHMENT

Section 55-9-201 - General effectiveness of security agreement. - (a) Except as otherwise provided in the Uniform Commercial Code...

Section 55-9-202 - Title to collateral immaterial. - Except as otherwise provided with respect to consignments or sales...

Section 55-9-203 - Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. - (a) A security interest attaches to collateral when it becomes...

Section 55-9-204 - After-acquired property; future advances. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-205 - Use or disposition of collateral permissible. - (a) A security interest is not invalid or fraudulent against...

Section 55-9-206 - Security interest arising in purchase or delivery of financial asset. - (a) A security interest in favor of a securities intermediary...

Subpart 2 - RIGHTS AND DUTIES

Section 55-9-207 - Rights and duties of secured party having possession or control of collateral. - (a) Except as otherwise provided in Subsection (d) of this...

Section 55-9-208 - Additional duties of secured party having control of collateral. - (a) This section applies to cases in which there is...

Section 55-9-209 - Duties of secured party if account debtor has been notified of assignment. - (a) Except as otherwise provided in Subsection (c) of this...

Section 55-9-210 - Request for accounting; request regarding list of collateral or statement of account. - (a) In this section: (1) "request" means a record of...

Part 3 - PERFECTION AND PRIORITY

Subpart 1 - LAW GOVERNING PERFECTION ANDPRIORITY

Section 55-9-301 - Law governing perfection and priority of security interests. - Except as otherwise provided in Sections 55-9-303 through 55-9-306 NMSA...

Section 55-9-302 - Law governing perfection and priority of agricultural liens. - While farm products are located in a jurisdiction, the local...

Section 55-9-303 - Law governing perfection and priority of security interests in goods covered by a certificate of title. - (a) This section applies to goods covered by a certificate...

Section 55-9-304 - Law governing perfection and priority of security interests in deposit accounts. - (a) The local law of a bank's jurisdiction governs perfection,...

Section 55-9-305 - Law governing perfection and priority of security interests in investment property. - (a) Except as otherwise provided in Subsection (c) of this...

Section 55-9-306 - Law governing perfection and priority of security interests in letter-of-credit rights. - (a) Subject to Subsection (c) of this section, the local...

Section 55-9-307 - Location of debtor. - (a) In this section, "place of business" means a place...

Subpart 2 - PERFECTION

Section 55-9-308 - When security interest or agricultural lien is perfected; continuity of perfection. - (a) Except as otherwise provided in this section and Section...

Section 55-9-309 - Security interest perfected upon attachment. - The following security interests are perfected when they attach: (1)...

Section 55-9-310 - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-311 - Perfection of security interests in property subject to certain statutes, regulations and treaties. - (a) Except as otherwise provided in Subsection (d) of this...

Section 55-9-312 - Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary perfection... - (a) A security interest in chattel paper, negotiable documents, instruments...

Section 55-9-313 - When possession by or delivery to secured party perfects security interest without filing. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-314 - Perfection by control. - (a) A security interest in investment property, deposit accounts, letter-of-credit...

Section 55-9-315 - Secured party's rights on disposition of collateral and in proceeds. - (a) Except as otherwise provided in Chapter 55, Article 9...

Section 55-9-316 - Effect of change in governing law. - (a) A security interest perfected pursuant to the law of...

Subpart 3 - PRIORITY

Section 55-9-317 - Interests that take priority over or take free of security interest or agricultural lien. - (a) A security interest or agricultural lien is subordinate to...

Section 55-9-318 - No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers. - (a) A debtor that has sold an account, chattel paper,...

Section 55-9-319 - Rights and title of consignee with respect to creditors and purchasers. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-320 - Buyer of goods. - (a) Except as otherwise provided in Subsection (e) of this...

Section 55-9-321 - Licensee of general intangible and lessee of goods in ordinary course of business. - (a) In this section, "licensee in ordinary course of business"...

Section 55-9-322 - Priorities among conflicting security interests in and agricultural liens on same collateral. - (a) Except as otherwise provided in this section, priority among...

Section 55-9-323 - Future advances. - (a) Except as otherwise provided in Subsection (c) of this...

Section 55-9-324 - Priority of purchase-money security interests. - (a) Except as otherwise provided in Subsection (g) of this...

Section 55-9-325 - Priority of security interests in transferred collateral. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-326 - Priority of security interests created by new debtor. - (a) Subject to Subsection (b) of this section, a security...

Section 55-9-327 - Priority of security interests in deposit account. - The following rules govern priority among conflicting security interests in...

Section 55-9-328 - Priority of security interests in investment property. - The following rules govern priority among conflicting security interests in...

Section 55-9-329 - Priority of security interests in letter-of-credit right. - The following rules govern priority among conflicting security interests in...

Section 55-9-330 - Priority of purchaser of chattel paper or instrument. - (a) A purchaser of chattel paper has priority over a...

Section 55-9-331 - Priority of rights of purchasers of instruments, documents and securities under other articles; priority of interests in financial assets and security entitlements under Chapter 55, Article 8 NMSA 1978. - (a) Chapter 55, Article 9 NMSA 1978 does not limit...

Section 55-9-332 - Transfer of money; transfer of funds from deposit account. - (a) A transferee of money takes the money free of...

Section 55-9-333 - Priority of certain liens arising by operation of law. - (a) In this section, "possessory lien" means an interest, other...

Section 55-9-334 - Priority of security interests in fixtures. - (a) A security interest under Chapter 55, Article 9 NMSA...

Section 55-9-335 - Accessions. - (a) A security interest may be created in an accession...

Section 55-9-336 - Commingled goods. - (a) In this section, "commingled goods" means goods that are...

Section 55-9-337 - Priority of security interests in goods covered by certificate of title. - If, while a security interest in goods is perfected by...

Section 55-9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. - If a security interest or agricultural lien is perfected by...

Section 55-9-339 - Priority subject to subordination. - Chapter 55, Article 9 NMSA 1978 does not preclude subordination...

Subpart 4 - RIGHTS OF BANK

Section 55-9-340 - Effectiveness of right of recoupment or set-off against deposit account. - (a) Except as otherwise provided in Subsection (c) of this...

Section 55-9-341 - Bank's rights and duties with respect to deposit account. - Except as otherwise provided in Subsection (c) of Section 55-9-340...

Section 55-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement. - Chapter 55, Article 9 NMSA 1978 does not require a...

Part 4 - RIGHTS OF THIRD PARTIES

Section 55-9-401 - Alienability of debtor's rights. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-402 - Secured party not obligated on contract of debtor or in tort. - The existence of a security interest, agricultural lien or authority...

Section 55-9-403 - Agreement not to assert defenses against assignee. - (a) In this section, "value" has the meaning provided in...

Section 55-9-404 - Rights acquired by assignee; claims and defenses against assignee. - (a) Unless an account debtor has made an enforceable agreement...

Section 55-9-405 - Modification of assigned contract. - (a) A modification of or substitution for an assigned contract...

Section 55-9-406 - Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective. - (a) Subject to Subsections (b) through (i) of this section,...

Section 55-9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-408 - Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-409 - Restrictions on assignment of letter-of-credit rights ineffective. - (a) A term in a letter of credit or a...

Part 5 - FILING

Subpart 1 - FILING OFFICE; CONTENTS ANDEFFECTIVENESS OF FINANCING STATEMENT

Section 55-9-501 - Filing office. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. - (a) Subject to Subsection (b) of this section, a financing...

Section 55-9-503 - Name of debtor and secured party. - (a) A financing statement sufficiently provides the name of the...

Section 55-9-504 - Indication of collateral. - A financing statement sufficiently indicates the collateral that it covers...

Section 55-9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions. - (a) A consignor, lessor, or other bailor of goods, a...

Section 55-9-506 - Effect of errors or omissions. - (a) A financing statement substantially satisfying the requirements of Sections...

Section 55-9-507 - Effect of certain events on effectiveness of financing statement. - (a) A filed financing statement remains effective with respect to...

Section 55-9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement. - (a) Except as otherwise provided in this section, a filed...

Section 55-9-509 - Persons entitled to file a record. - (a) A person may file an initial financing statement, amendment...

Section 55-9-510 - Effectiveness of filed record. - (a) A filed record is effective only to the extent...

Section 55-9-511 - Secured party of record. - (a) A secured party of record with respect to a...

Section 55-9-512 - Amendment of financing statement. - (a) Subject to Section 55-9-509 NMSA 1978, a person may...

Section 55-9-513 - Termination statement. - (a) A secured party shall cause the secured party of...

Section 55-9-514 - Assignment of powers of secured party of record. - (a) Except as otherwise provided in Subsection (c) of this...

Section 55-9-515 - Duration and effectiveness of financing statement; effect of lapsed financing statement. - (a) Except as otherwise provided in Subsections (b), (e), (f)...

Section 55-9-516 - What constitutes filing; effectiveness of filing. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-517 - Effect of indexing errors. - The failure of the filing office to index a record...

Section 55-9-518 - Claim concerning inaccurate or wrongfully filed record. - (a) A person may file in the filing office an...

Subpart 2 - DUTIES AND OPERATION OF FILINGOFFICE

Section 55-9-519 - Numbering, maintaining and indexing records; communicating information provided in records. - (a) For each record filed in a filing office, the...

Section 55-9-520 - Acceptance and refusal to accept record. - (a) The secretary of state shall refuse to accept a...

Section 55-9-521 - Form of financing statement and amendment; records. - (a) A filing office that accepts written records may not...

Section 55-9-522 - Maintenance and destruction of records. - (a) The filing office shall maintain a record of the...

Section 55-9-523 - Information from secretary of state. - (a) If a person that files a written record requests...

Section 55-9-524 - Delay by secretary of state. - Delay by the secretary of state beyond the time limits...

Section 55-9-525 - Fees. - (a) Except as provided in Subsections (b) and (d) of...

Section 55-9-526 - Filing-office rules. - The secretary of state shall adopt and publish rules to...

Part 6 - DEFAULT

Subpart 1 - DEFAULT AND ENFORCEMENT OFSECURITY INTEREST

Section 55-9-601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes. - (a) After default, a secured party has the rights provided...

Section 55-9-602 - Waiver and variance of rights and duties. - Except as otherwise provided in Section 55-9-624 NMSA 1978, to...

Section 55-9-603 - Agreement on standards concerning rights and duties. - (a) The parties may determine by agreement the standards measuring...

Section 55-9-604 - Procedure if security agreement covers real property or fixtures. - (a) If a security agreement covers both personal and real...

Section 55-9-605 - Unknown debtor or secondary obligor. - A secured party does not owe a duty based on...

Section 55-9-606 - Time of default for agricultural lien. - For purposes of Sections 55-9-601 through 55-9-628 NMSA 1978, a...

Section 55-9-607 - Collection and enforcement by secured party. - (a) If so agreed, and in any event after default,...

Section 55-9-608 - Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. - (a) If a security interest or agricultural lien secures payment...

Section 55-9-609 - Secured party's right to take possession after default. - (a) After default, a secured party: (1) may take possession...

Section 55-9-610 - Disposition of collateral after default. - (a) After default, a secured party may sell, lease, license...

Section 55-9-611 - Notification before disposition of collateral. - (a) In this section, "notification date" means the earlier of...

Section 55-9-612 - Timeliness of notification before disposition of collateral. - (a) Except as otherwise provided in Subsection (b) of this...

Section 55-9-613 - Contents and form of notification before disposition of collateral; general. - Except in a consumer-goods transaction, the following rules apply: (1)...

Section 55-9-614 - Contents and form of notification before disposition of collateral; consumer-goods transaction. - In a consumer-goods transaction, the following rules apply: (1) A...

Section 55-9-615 - Application of proceeds of disposition; liability for deficiency and right to surplus. - (a) A secured party shall apply or pay over for...

Section 55-9-616 - Explanation of calculation of surplus or deficiency. - (a) In this section: (1) "explanation" means a writing that:...

Section 55-9-617 - Rights of transferee of collateral. - (a) A secured party's disposition of collateral after default: (1)...

Section 55-9-618 - Rights and duties of certain secondary obligors. - (a) A secondary obligor acquires the rights and becomes obligated...

Section 55-9-619 - Transfer of record or legal title. - (a) In this section, "transfer statement" means a record authenticated...

Section 55-9-620 - Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. - (a) Except as otherwise provided in Subsection (g) of this...

Section 55-9-621 - Notification of proposal to accept collateral. - (a) A secured party that desires to accept collateral in...

Section 55-9-622 - Effect of acceptance of collateral. - (a) A secured party's acceptance of collateral in full or...

Section 55-9-623 - Right to redeem collateral. - (a) A debtor, any secondary obligor or any other secured...

Section 55-9-624 - Waiver. - (a) A debtor or secondary obligor may waive the right...

Subpart 2 - NONCOMPLIANCE WITH ARTICLE

Section 55-9-625 - Remedies for secured party's failure to comply with article. - (a) If it is established that a secured party is...

Section 55-9-626 - Action in which deficiency or surplus is in issue. - (a) In an action arising from a transaction, other than...

Section 55-9-627 - Determination of whether conduct was commercially reasonable. - (a) The fact that a greater amount could have been...

Section 55-9-628 - Nonliability and limitation on liability of secured party; liability of secondary obligor. - (a) Unless a secured party knows that a person is...

Part 7 - TRANSITION

Section 55-9-701 - Effective date. - The effective date of the provisions of this act is...

Section 55-9-702 - Saving clause. - (a) Except as otherwise provided in Sections 146 through 155...

Section 55-9-703 - Temporary transition provision; security interest perfected before effective date. - (a) A security interest that is enforceable immediately before July...

Section 55-9-704 - Temporary transition provision; security interest unperfected before effective date. - A security interest that is enforceable immediately before July 1,...

Section 55-9-705 - Temporary transition provision; effectiveness of action taken before effective date. - (a) If action, other than the filing of a financing...

Section 55-9-706 - Temporary transition provision; when initial financing statement suffices to continue effectiveness of financing statement. - (a) The filing of an initial financing statement in the...

Section 55-9-707 - Temporary transition provision; amendment of pre-effective-date financing statement. - (a) In this section, "pre-effective-date financing statement" means a financing...

Section 55-9-708 - Temporary transition provision; persons entitled to file initial financing statement or continuation statement. - A person may file an initial financing statement or a...

Section 55-9-709 - Temporary transition provision; priority. - (a) This act determines the priority of conflicting claims to...

Section 55-9-710 - Repealed. - History: Laws 2001, ch. 139, § 154; repealed by Laws...

Part 8 - SECURITY INTEREST

Section 55-9-801 - Effective date. - The effective date of the provisions of this 2013 act...

Section 55-9-802 - Applicability. - (a) Except as otherwise provided in this part, this 2013...

Section 55-9-803 - Security interest perfected before effective date. - (a) A security interest that is a perfected security interest...

Section 55-9-804 - Security interest unperfected before effective date. - A security interest that is an unperfected security interest immediately...

Section 55-9-805 - Effectiveness of action taken before effective date. - (a) The filing of a financing statement before this 2013...

Section 55-9-806 - When initial financing statement suffices to continue effectiveness of financing statement. - (a) The filing of an initial financing statement in the...

Section 55-9-807 - Amendment of pre-effective-date financing statement. - (a) As used in this section, "pre-effective-date financing statement" means...

Section 55-9-808 - Person entitled to file initial financing statement or continuation statement. - A person may file an initial financing statement or a...

Section 55-9-809 - Priority. - This 2013 act determines the priority of conflicting claims to...

Article 10 - Effective Date, Repealer and Miscellaneous - Compiler's notes. — Section 10-101 of ch. 96, Laws 1961...

Article 11 - Amendment to Other Statutes - Compiler's notes. — Laws 1961, ch. 96, §§ 11-101 to...

Article 12 - Effective Date and Transition Provisions

Section 55-12-101 - Effective date; ["old U.C.C." and "new U.C.C." defined] - This act shall become effective at 12:01 a.m. on January...

Section 55-12-102 - Preservation of old transition provision. - The provisions of Laws 1961, Chapter 96, Section 10-102, Subsection...

Section 55-12-103 - Transition to new U.C.C.; general rule. - Transactions validly entered into after January 1, 1962, and before...

Section 55-12-104 - Transition provision on change of requirement of filing. - A security interest for the perfection of which filing or...

Section 55-12-105 - Transition provision on change of place of filing. - (1) A financing statement or continuation statement filed prior to...

Section 55-12-106 - Required refilings. - (1) If a security interest is perfected or has priority...

Section 55-12-107 - Transition provisions as to priorities. - Except as otherwise provided in Article 12 [55-12-101 to 55-12-108...

Section 55-12-108 - Presumption that rule of law continues unchanged. - Unless a change in law has clearly been made, the...

Section 55-12-109 - Saving clause. - (a) Chapter 55, Article 8 NMSA 1978 does not affect...

Section 55-12-110 - Temporary provision; effectiveness. - This act applies to a document of title that is...

Section 55-12-111 - Temporary provision; effectiveness. - A. A document of title issued or a bailment that...

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New Mexico Statutes Chapter 55 - Uniform Commercial Code

New Mexico Statutes
Chapter 55 - Uniform Commercial Code