New Mexico Statutes 55-12A-201. Saving clause. (Effective January 1, 2024.)
Current as of: 2023 | Check for updates
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Except as provided in Sections 55-12A-301 through 55-12A-306 N.M. Stat. Ann., a transaction validly entered into before January 1, 2024 and the rights, duties and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by law other than the Uniform Commercial Code or, if applicable, the Uniform Commercial Code as though this 2023 act had not taken effect.
Terms Used In New Mexico Statutes 55-12A-201
- 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