New Mexico Statutes 55-12-101. Effective date; [“old U.C.C.” and “new U.C.C.” defined]
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This act shall become effective at 12:01 a.m. on January 1, 1986. As used in this article, unless the context requires otherwise:
Terms Used In New Mexico Statutes 55-12-101
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(a) “old U.C.C.” means the Uniform Commercial Code, as effective in New Mexico, immediately prior to the effective day of this act.
(b) “new U.C.C.” means the Uniform Commercial Code, as effective in New Mexico, as amended by this act.