2006 New Mexico Statutes - Article 2A — Leases, 55-2A-101 through 55-2A-532.

Part 1. GENERAL PROVISIONS

• 55-2A-101 — Short title.
• 55-2A-102 — Scope.
• 55-2A-103 — Definitions and index of definitions.
• 55-2A-104 — Leases subject to other law.
• 55-2A-105 — Territorial application of article to goods covered by certificate of title.
• 55-2A-106 — Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
• 55-2A-107 — Waiver or renunciation of claim or right after default.
• 55-2A-108 — Unconscionability.
• 55-2A-109 — Option to accelerate at will.

Part 2. FORMATION AND CONSTRUCTION OF LEASE CONTRACT

• 55-2A-201 — Statute of frauds.
• 55-2A-202 — Final written expression; parol or extrinsic evidence.
• 55-2A-203 — Seals inoperative.
• 55-2A-204 — Formation in general.
• 55-2A-205 — Firm offers.
• 55-2A-206 — Offer and acceptance in formation of lease contract.
• 55-2A-207 — Repealed.
• 55-2A-208 — Modification, rescission and waiver.
• 55-2A-209 — Lessee under finance lease as beneficiary of supply contract.
• 55-2A-210 — Express warranties.
• 55-2A-211 — Warranties against interference and against infringement; lessee's obligation against infringement.
• 55-2A-212 — Implied warranty of merchantability.
• 55-2A-213 — Implied warranty of fitness for particular purpose.
• 55-2A-214 — Exclusion or modification of warranties.
• 55-2A-215 — Cumulation and conflict of warranties express or implied.
• 55-2A-216 — Third-party beneficiaries of express and implied warranties.
• 55-2A-217 — Identification.
• 55-2A-218 — Insurance and proceeds.
• 55-2A-219 — Risk of loss.
• 55-2A-220 — Effect of default on risk of loss.
• 55-2A-221 — Casualty to identified goods.

Part 3. EFFECT OF LEASE CONTRACT

• 55-2A-301 — Enforceability of lease contract.
• 55-2A-302 — Title to and possession of goods.
• 55-2A-303 — Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
• 55-2A-304 — Subsequent lease of goods by lessor.
• 55-2A-305 — Sale or sublease of goods by lessee.
• 55-2A-306 — Priority of certain liens arising by operation of law.
• 55-2A-307 — Priority of liens arising by attachment or levy on, security interests in and other claims to goods.
• 55-2A-308 — Special rights of creditors.
• 55-2A-309 — Lessor's and lessee's rights when goods become fixtures.
• 55-2A-310 — Lessor's and lessee's rights when goods become accessions.
• 55-2A-311 — Priority subject to subordination.

Part 4. PERFORMANCE OF LEASE CONTRACT: REPUDIATED, SUBSTITUTED AND EXCUSED

• 55-2A-401 — Insecurity; adequate assurance of performance.
• 55-2A-402 — Anticipatory repudiation.
• 55-2A-403 — Retraction of anticipatory repudiation.
• 55-2A-404 — Substituted performance.
• 55-2A-405 — Excused performance.
• 55-2A-406 — Procedure on excused performance.
• 55-2A-407 — Irrevocable promises; finance leases.

Part 5. DEFAULT

• 55-2A-501 — Default; procedure.
• 55-2A-502 — Notice after default.
• 55-2A-503 — Modification or impairment of rights and remedies.
• 55-2A-504 — Liquidation of damages.
• 55-2A-505 — Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.
• 55-2A-506 — Statute of limitations.
• 55-2A-507 — Proof of market rent; time and place.
• 55-2A-508 — Lessee's remedies.
• 55-2A-509 — Lessee's rights on improper delivery; rightful rejection.
• 55-2A-510 — Installment lease contracts; rejection and default.
• 55-2A-511 — Merchant lessee's duties as to rightfully rejected goods.
• 55-2A-512 — Lessee's duties as to rightfully rejected goods.
• 55-2A-513 — Cure by lessor of improper tender or delivery; replacement.
• 55-2A-514 — Waiver of lessee's objections.
• 55-2A-515 — Acceptance of goods.
• 55-2A-516 — Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.
• 55-2A-517 — Revocation of acceptance of goods.
• 55-2A-518 — Cover; substitute goods.
• 55-2A-519 — Lessee's damages for non-delivery, repudiation, default and breach of warranty in regard to accepted goods.
• 55-2A-520 — Lessee's incidental and consequential damages.
• 55-2A-521 — Lessee's right to specific performance or replevin.
• 55-2A-522 — Lessee's right to goods on lessor's insolvency.
• 55-2A-523 — Lessor's remedies.
• 55-2A-524 — Lessor's right to identify goods to lease contract.
• 55-2A-525 — Lessor's right to possession of goods.
• 55-2A-526 — Lessor's stoppage of delivery in transit or otherwise.
• 55-2A-527 — Lessor's rights to dispose of goods.
• 55-2A-528 — Lessor's damages for nonacceptance, failure to pay, repudiation or other default.
• 55-2A-529 — Lessor's action for the rent.
• 55-2A-530 — Lessor's incidental damages.
• 55-2A-531 — Standing to sue third parties for injury to goods.
• 55-2A-532 — Lessor's rights to residual interest.