There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 12 - Effective Date and Transition Provisions
Section 55-12-107 - Transition provisions as to priorities. (1985)
NM Stat § 55-12-107 (2013) What's This?
55-12-107. Transition provisions as to priorities. (1985)
Except as otherwise provided in Article 12 [55-12-101 to 55-12-108 NMSA 1978], the old U.C.C. shall apply to any questions of priority if the positions of the parties were fixed prior to January 1, 1986. In other cases questions of priority shall be determined by the new U.C.C.
History: 1978 Comp., § 55-12-107, enacted by Laws 1985, ch. 193, § 45.
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