As used in Sections 56-6-1 through 56-6-11 New Mexico Statutes Annotated, 1978 Compilation:

Terms Used In New Mexico Statutes 56-6-1

  • 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

A. words shall have the same meanings as set forth in the Uniform Commercial Code, Article 7 N.M. Stat. Ann. § 55-7-101 to 55-7-807;

B. “warehouse” means any building, structure or other protected enclosure in which any agricultural product is, or may be, stored; and

C. “agricultural products” includes only those which are produced from the ground.