2017 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 2 - Sales
Part 5 - PERFORMANCE
Section 55-2-514 - When documents deliverable on acceptance; when on payment.

Universal Citation: NM Stat § 55-2-514 (2017)

55-2-514. When documents deliverable on acceptance; when on payment.

Unless otherwise agreed, documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.

History: 1953 Comp., 50A-2-514, enacted by Laws 1961, ch. 96, 2-514.

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