New Mexico Statutes 55-9-606. Time of default for agricultural lien
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For purposes of Sections 55-9-601 through 55-9-628 N.M. Stat. Ann., a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.
Terms Used In New Mexico Statutes 55-9-606
- Lien: A claim against real or personal property in satisfaction of a debt.
- Statute: A law passed by a legislature.