New Mexico Statutes
Article 3 - Negotiable Instruments
Part 4 - LIABILITY OF PARTIES

Section 55-3-401 - Signature. - (a) A person is not liable on an instrument unless...

Section 55-3-402 - Signature by representative. - (a) If a person acting, or purporting to act, as...

Section 55-3-403 - Unauthorized signature. - (a) Unless otherwise provided in this article or Article 4,...

Section 55-3-404 - Impostors; fictitious payees. - (a) If an impostor, by use of the mails or...

Section 55-3-405 - Employer's responsibility for fraudulent indorsement by employee. - (a) In this section: (1) "employee" includes an independent contractor...

Section 55-3-406 - Negligence contributing to forged signature or alteration of instrument. - (a) A person whose failure to exercise ordinary care substantially...

Section 55-3-407 - Alteration. - (a) "Alteration" means (i) an unauthorized change in an instrument...

Section 55-3-408 - Drawee not liable on unaccepted draft. - A check or other draft does not of itself operate...

Section 55-3-409 - Acceptance of draft; certified check. - (a) "Acceptance" means the drawee's signed agreement to pay a...

Section 55-3-410 - Acceptance varying draft. - (a) If the terms of a drawee's acceptance vary from...

Section 55-3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks. - (a) In this section, "obligated bank" means the acceptor of...

Section 55-3-412 - Obligation of issuer of note or cashier's check. - The issuer of a note or cashier's check or other...

Section 55-3-413 - Obligation of acceptor. - (a) The acceptor of a draft is obliged to pay...

Section 55-3-414 - Obligation of drawer. - (a) This section does not apply to cashier's checks or...

Section 55-3-415 - Obligation of indorser. - (a) Subject to Subsections (b), (c), (d) and (e) of...

Section 55-3-416 - Transfer warranties. - (a) A person who transfers an instrument for consideration warrants...

Section 55-3-417 - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 55-3-418 - Payment or acceptance by mistake. - (a) Except as provided in Subsection (c), if the drawee...

Section 55-3-419 - Instruments signed for accommodation. - (a) If an instrument is issued for value given for...

Section 55-3-420 - Conversion of instrument. - (a) The law applicable to conversion of personal property applies...