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2018 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 9 - Secured Transactions
- Section 55-9-101 - Short title.
- Section 55-9-102 - Definitions and index of definitions.
- Section 55-9-103 - Purchase-money security interest; application of payments; burden of establishing.
- Section 55-9-104 - Control of deposit account.
- Section 55-9-105 - Control of electronic chattel paper.
- Section 55-9-106 - Control of investment property.
- Section 55-9-107 - Control of letter-of-credit right.
- Section 55-9-108 - Sufficiency of description.
- Section 55-9-109 - Scope.
- Section 55-9-110 - Security interests arising under Chapter 55, Article 2 or 2A NMSA 1978.
- Section 55-9-111 - Repealed.
- Section 55-9-112 - Superseded.
- Section 55-9-113 - Superseded.
- Section 55-9-114 - Superseded.
- Section 55-9-115 - Superseded.
- Section 55-9-116 - Superseded.
- Section 55-9-201 - General effectiveness of security agreement.
- Section 55-9-202 - Title to collateral immaterial.
- Section 55-9-203 - Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.
- Section 55-9-204 - After-acquired property; future advances.
- Section 55-9-205 - Use or disposition of collateral permissible.
- Section 55-9-206 - Security interest arising in purchase or delivery of financial asset.
- Section 55-9-207 - Rights and duties of secured party having possession or control of collateral.
- Section 55-9-208 - Additional duties of secured party having control of collateral.
- Section 55-9-209 - Duties of secured party if account debtor has been notified of assignment.
- Section 55-9-210 - Request for accounting; request regarding list of collateral or statement of account.
- Section 55-9-301 - Law governing perfection and priority of security interests.
- Section 55-9-302 - Law governing perfection and priority of agricultural liens.
- Section 55-9-303 - Law governing perfection and priority of security interests in goods covered by a certificate of title.
- Section 55-9-304 - Law governing perfection and priority of security interests in deposit accounts.
- Section 55-9-305 - Law governing perfection and priority of security interests in investment property.
- Section 55-9-306 - Law governing perfection and priority of security interests in letter-of-credit rights.
- Section 55-9-307 - Location of debtor.
- Section 55-9-308 - When security interest or agricultural lien is perfected; continuity of perfection.
- Section 55-9-309 - Security interest perfected upon attachment.
- Section 55-9-310 - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
- Section 55-9-311 - Perfection of security interests in property subject to certain statutes, regulations and treaties.
- Section 55-9-312 - Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary perfection without filing or transfer of possession.
- Section 55-9-313 - When possession by or delivery to secured party perfects security interest without filing.
- Section 55-9-314 - Perfection by control.
- Section 55-9-315 - Secured party's rights on disposition of collateral and in proceeds.
- Section 55-9-316 - Effect of change in governing law.
- Section 55-9-317 - Interests that take priority over or take free of security interest or agricultural lien.
- Section 55-9-318 - No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.
- Section 55-9-319 - Rights and title of consignee with respect to creditors and purchasers.
- Section 55-9-320 - Buyer of goods.
- Section 55-9-321 - Licensee of general intangible and lessee of goods in ordinary course of business.
- Section 55-9-322 - Priorities among conflicting security interests in and agricultural liens on same collateral.
- Section 55-9-323 - Future advances.
- Section 55-9-324 - Priority of purchase-money security interests.
- Section 55-9-325 - Priority of security interests in transferred collateral.
- Section 55-9-326 - Priority of security interests created by new debtor.
- Section 55-9-327 - Priority of security interests in deposit account.
- Section 55-9-328 - Priority of security interests in investment property.
- Section 55-9-329 - Priority of security interests in letter-of-credit right.
- Section 55-9-330 - Priority of purchaser of chattel paper or instrument.
- Section 55-9-331 - Priority of rights of purchasers of instruments, documents and securities under other articles; priority of interests in financial assets and security entitlements under Chapter 55, Article 8 NMSA 1978.
- Section 55-9-332 - Transfer of money; transfer of funds from deposit account.
- Section 55-9-333 - Priority of certain liens arising by operation of law.
- Section 55-9-334 - Priority of security interests in fixtures.
- Section 55-9-335 - Accessions.
- Section 55-9-336 - Commingled goods.
- Section 55-9-337 - Priority of security interests in goods covered by certificate of title.
- Section 55-9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
- Section 55-9-339 - Priority subject to subordination.
- Section 55-9-340 - Effectiveness of right of recoupment or set-off against deposit account.
- Section 55-9-341 - Bank's rights and duties with respect to deposit account.
- Section 55-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.
- Section 55-9-401 - Alienability of debtor's rights.
- Section 55-9-402 - Secured party not obligated on contract of debtor or in tort.
- Section 55-9-403 - Agreement not to assert defenses against assignee.
- Section 55-9-404 - Rights acquired by assignee; claims and defenses against assignee.
- Section 55-9-405 - Modification of assigned contract.
- Section 55-9-406 - Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective.
- Section 55-9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
- Section 55-9-408 - Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective.
- Section 55-9-409 - Restrictions on assignment of letter-of-credit rights ineffective.
- Section 55-9-501 - Filing office.
- Section 55-9-502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
- Section 55-9-503 - Name of debtor and secured party.
- Section 55-9-504 - Indication of collateral.
- Section 55-9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions.
- Section 55-9-506 - Effect of errors or omissions.
- Section 55-9-507 - Effect of certain events on effectiveness of financing statement.
- Section 55-9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.
- Section 55-9-509 - Persons entitled to file a record.
- Section 55-9-510 - Effectiveness of filed record.
- Section 55-9-511 - Secured party of record.
- Section 55-9-512 - Amendment of financing statement.
- Section 55-9-513 - Termination statement.
- Section 55-9-514 - Assignment of powers of secured party of record.
- Section 55-9-515 - Duration and effectiveness of financing statement; effect of lapsed financing statement.
- Section 55-9-516 - What constitutes filing; effectiveness of filing.
- Section 55-9-517 - Effect of indexing errors.
- Section 55-9-518 - Claim concerning inaccurate or wrongfully filed record.
- Section 55-9-519 - Numbering, maintaining and indexing records; communicating information provided in records.
- Section 55-9-520 - Acceptance and refusal to accept record.
- Section 55-9-521 - Form of financing statement and amendment; records.
- Section 55-9-522 - Maintenance and destruction of records.
- Section 55-9-523 - Information from secretary of state.
- Section 55-9-524 - Delay by secretary of state.
- Section 55-9-525 - Fees.
- Section 55-9-526 - Filing-office rules.
- Section 55-9-601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes.
- Section 55-9-602 - Waiver and variance of rights and duties.
- Section 55-9-603 - Agreement on standards concerning rights and duties.
- Section 55-9-604 - Procedure if security agreement covers real property or fixtures.
- Section 55-9-605 - Unknown debtor or secondary obligor.
- Section 55-9-606 - Time of default for agricultural lien.
- Section 55-9-607 - Collection and enforcement by secured party.
- Section 55-9-608 - Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
- Section 55-9-609 - Secured party's right to take possession after default.
- Section 55-9-610 - Disposition of collateral after default.
- Section 55-9-611 - Notification before disposition of collateral.
- Section 55-9-612 - Timeliness of notification before disposition of collateral.
- Section 55-9-613 - Contents and form of notification before disposition of collateral; general.
- Section 55-9-614 - Contents and form of notification before disposition of collateral; consumer-goods transaction.
- Section 55-9-615 - Application of proceeds of disposition; liability for deficiency and right to surplus.
- Section 55-9-616 - Explanation of calculation of surplus or deficiency.
- Section 55-9-617 - Rights of transferee of collateral.
- Section 55-9-618 - Rights and duties of certain secondary obligors.
- Section 55-9-619 - Transfer of record or legal title.
- Section 55-9-620 - Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.
- Section 55-9-621 - Notification of proposal to accept collateral.
- Section 55-9-622 - Effect of acceptance of collateral.
- Section 55-9-623 - Right to redeem collateral.
- Section 55-9-624 - Waiver.
- Section 55-9-625 - Remedies for secured party's failure to comply with article.
- Section 55-9-626 - Action in which deficiency or surplus is in issue.
- Section 55-9-627 - Determination of whether conduct was commercially reasonable.
- Section 55-9-628 - Nonliability and limitation on liability of secured party; liability of secondary obligor.
- Section 55-9-701 - Effective date.
- Section 55-9-702 - Saving clause.
- Section 55-9-703 - Temporary transition provision; security interest perfected before effective date.
- Section 55-9-704 - Temporary transition provision; security interest unperfected before effective date.
- Section 55-9-705 - Temporary transition provision; effectiveness of action taken before effective date.
- Section 55-9-706 - Temporary transition provision; when initial financing statement suffices to continue effectiveness of financing statement.
- Section 55-9-707 - Temporary transition provision; amendment of pre-effective-date financing statement.
- Section 55-9-708 - Temporary transition provision; persons entitled to file initial financing statement or continuation statement.
- Section 55-9-709 - Temporary transition provision; priority.
- Section 55-9-710 - Repealed.
- Section 55-9-801 - Effective date.
- Section 55-9-802 - Applicability.
- Section 55-9-803 - Security interest perfected before effective date.
- Section 55-9-804 - Security interest unperfected before effective date.
- Section 55-9-805 - Effectiveness of action taken before effective date.
- Section 55-9-806 - When initial financing statement suffices to continue effectiveness of financing statement.
- Section 55-9-807 - Amendment of pre-effective-date financing statement.
- Section 55-9-808 - Person entitled to file initial financing statement or continuation statement.
- Section 55-9-809 - Priority.
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.
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