§ 55-4-201 Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”
§ 55-4-202 Responsibility for collection or return; when action timely
§ 55-4-203 Effect of instructions
§ 55-4-204 Methods of sending and presenting; sending directly to payor bank
§ 55-4-205 Depositary bank holder of unindorsed item
§ 55-4-206 Transfer between banks
§ 55-4-207 Transfer warranties
§ 55-4-208 Presentment warranties
§ 55-4-209 Encoding and retention warranties
§ 55-4-210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 55-4-211 When bank gives value for purposes of holder in due course
§ 55-4-212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
§ 55-4-213 Medium and time of settlement by bank
§ 55-4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 55-4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 55-4-216 Insolvency and preference

Terms Used In New Mexico Statutes > Chapter 55 > Article 4 > Part 2

  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.