New Mexico Statutes > Chapter 55 > Article 11A – Effective Date and Transition Provisions [Effective
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Terms Used In New Mexico Statutes > Chapter 55 > Article 11A - Effective Date and Transition Provisions [Effective
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Statute: A law passed by a legislature.
- 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