2011 New Mexico Statutes
Chapter 56: Commercial Instruments and Transactions
Article 9: Transfers to Prefer Creditors - Voluntary Assignments, 56-9-1 through 56-9-55
Section 56-9-1: Transfers to prefer creditors; effect; exception of mortgage in good faith.
56-9-10. [Voluntary assignments; acknowledgment and recording.]
That every voluntary assignment of lands, tenements, goods, chattels, effects and credits, made by any debtor to any person in trust for the benefit of his creditors, shall be for the benefit of all the creditors of the assignor in proportion to their respective claims, except as hereinafter provided in this chapter; and every such assignment shall be proved or acknowledged and certified and recorded in the same manner as is prescribed by law in cases wherein real estate is conveyed.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
