§ 55-4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 55-4-502 Presentment of “on arrival” drafts
§ 55-4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 55-4-504 Privilege of presenting bank to deal with goods; security interest for expenses

Terms Used In New Mexico Statutes > Chapter 55 > Article 4 > Part 5

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Quorum: The number of legislators that must be present to do business.