The Uniform Voidable Transactions Act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of the Uniform Voidable Transactions Act among states enacting it.
History: Laws 1989, ch. 382, § 12; 1978 Comp., § 56-10-25, recompiled and amended as § 56-10-27 by Laws 2015, ch. 54, § 21.
Recompilations. — Laws 2015, ch. 54, § 21 recompiled and amended former 56-10-25 NMSA 1978 as 56-10-27 NMSA 1978, effective January 1, 2016.
The 2015 amendment, effective January 1, 2016, substituted "Uniform Voidable Transactions Act" for references to the former Uniform Fraudulent Transfer Act; and after each occurrence of "Uniform", deleted "Fraudulent Transfer" and added "Voidable Transactions".
Structure New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 10 - Uniform Voidable Transactions
Section 56-10-1 to 56-10-13 - Repealed.
Section 56-10-14 - Short title.
Section 56-10-15 - Definitions.
Section 56-10-16 - Insolvency.
Section 56-10-18 - Transfer or obligation voidable as to present or future creditor.
Section 56-10-19 - Transfer or obligation voidable as to present creditor.
Section 56-10-20 - When transfer is made or obligation is incurred.
Section 56-10-21 - Remedies of creditor.
Section 56-10-22 - Defenses, liability and protection of transferee or obligee.
Section 56-10-23 - Extinguishment of cause of action.
Section 56-10-24 - Governing law.
Section 56-10-25 - Application to series organization.
Section 56-10-26 - Supplementary provisions.
Section 56-10-27 - Uniformity of application and construction.
Section 56-10-28 - Relation to Electronic Signatures in Global and National Commerce Act.