There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 55: Uniform Commercial Code
Article 1: General Provisions, 55-1-101 through 55-1-310
Section 55-1-205: Reasonable time; seasonableness.
NM Stat § 55-1-205 (1996 through 1st Sess 50th Legis) What's This?
55-1-205. Reasonable time; seasonableness.
(a) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose and circumstances of the action.
(b) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
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