New Mexico Statutes
Article 4 - Bank Deposits and Collections
Part 5 - COLLECTION OF DOCUMENTARY DRAFTS

Section 55-4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor. - A bank that takes a documentary draft for collection shall...

Section 55-4-502 - Presentment of "on arrival" drafts. - If a draft or the relevant instructions require presentment "on...

Section 55-4-503 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. - Unless otherwise instructed and except as provided in Article 5...

Section 55-4-504 - Privilege of presenting bank to deal with goods; security interest for expenses. - (a) A presenting bank that, following the dishonor of a...