There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 48 - Liens and Mortgages
Section 3 Liens on Personal Property
Section 48-3-11 Acceptance of collateral security waives lien.
NM Stat § 48-3-11 (2014) What's This?
48-3-11. [Acceptance of collateral security waives lien.]
No person shall be entitled to a lien under this article who has taken collateral security for the payment of the sum due him.
History: Laws 1851-1852, p. 243; C.L. 1865, ch. 77(2d), 5; C.L. 1884, 1538; C.L. 1897, 2235; Code 1915, 3335; Laws 1917, ch. 65, 1 (3341); 1923, ch. 24, 1 (3341); C.S. 1929, 82-409; 1941 Comp., 63-309; 1953 Comp., 61-3-9.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
