2009 New Mexico Statutes
Chapter 55 - Uniform Commercial Code.
Article 4A - Funds Transfers

Part 1 - SUBJECT MATTER AND DEFINITIONS

Section 55-4A-101 - Short title.
Section 55-4A-102 - Subject matter.
Section 55-4A-103 - Payment order; definitions.
Section 55-4A-104 - Funds transfer; definitions.
Section 55-4A-105 - Other definitions.
Section 55-4A-106 - Time payment order is received.
Section 55-4A-107 - Federal reserve regulations and operating circulars.
Section 55-4A-108 - Exclusion of consumer transactions governed by federal law.

Part 2 - ISSUE AND ACCEPTANCE OF PAYMENT ORDER

Section 55-4A-201 - Security procedure.
Section 55-4A-202 - Authorized and verified payment orders.
Section 55-4A-203 - Unenforceability of certain verified payment orders.
Section 55-4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order.
Section 55-4A-205 - Erroneous payment orders.
Section 55-4A-206 - Transmission of payment order through funds-transfer or other communication system.
Section 55-4A-207 - Misdescription of beneficiary.
Section 55-4A-208 - Misdescription of intermediary bank or beneficiary's bank.
Section 55-4A-209 - Acceptance of payment order.
Section 55-4A-210 - Rejection of payment order.
Section 55-4A-211 - Cancellation and amendment of payment order.
Section 55-4A-212 - Liability and duty of receiving bank regarding unaccepted payment order.

Part 3 - EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK

Section 55-4A-301 - Execution and execution date.
Section 55-4A-302 - Obligations of receiving bank in execution of payment order.
Section 55-4A-303 - Erroneous execution of payment order.
Section 55-4A-304 - Duty of sender to report erroneously executed payment order.
Section 55-4A-305 - Liability for late or improper execution or failure to execute payment order.

Part 4 - PAYMENT

Section 55-4A-401 - Payment date.
Section 55-4A-402 - Obligation of sender to pay receiving bank.
Section 55-4A-403 - Payment by sender to receiving bank.
Section 55-4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary.
Section 55-4A-405 - Payment by beneficiary's bank to beneficiary.
Section 55-4A-406 - Payment by originator to beneficiary; discharge of underlying obligation.

Part 5 - MISCELLANEOUS PROVISIONS

Section 55-4A-501 - Variation by agreement and effect of funds-transfer system rule.
Section 55-4A-502 - Creditor process served on receiving bank; set-off by beneficiary's bank.
Section 55-4A-503 - Injunction or restraining order with respect to funds transfer.
Section 55-4A-504 - Order in which items and payment orders may be charged to account; order of withdrawals from account.
Section 55-4A-505 - Preclusion of objection to debit of customer's account.
Section 55-4A-506 - Rate of interest.
Section 55-4A-507 - Choice of law.

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