This 2013 act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims are established before this 2013 act takes effect, N.M. Stat. Ann. Chapter 55, Article 9, as it existed before amendment, determines priority.

Terms Used In New Mexico Statutes 55-9-809

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.