There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 55: Uniform Commercial Code
Article 9: Secured Transactions, 55-9-101 through 55-9-710
Section 55-9-202: Title to collateral immaterial.
NM Stat § 55-9-202 (1996 through 1st Sess 50th Legis) What's This?
55-9-202. Title to collateral immaterial.
Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles or promissory notes, the provisions of Chapter 55, Article 9 NMSA 1978 with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
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