N.M. Stat. § 55-11A-111

Current through 2024, ch. 69
Section 55-11A-111 - Temporary provision; effectiveness
A. A document of title issued or a bailment that arises before the effective date of this act and the rights, obligations and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by this act as if amendment or repeal had not occurred and may be terminated, completed, consummated or enforced under that statute or other rule.
B. The provisions of Article 7 of the Uniform Commercial Code do not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees' businesses in respects not specifically dealt with in the Uniform Commercial Code; but the fact that such laws are violated does not affect the status of a document of title that otherwise conforms with the definition of a document of title.

NMS § 55-11A-111

Laws 2005, ch. 144, § 111; 2015, ch. 54, § 7.
Renumbered from § 55-12-111 by 2023, c. 142,s. 95, eff. 1/1/2024.
Amended by 2015, c. 54,s. 7, eff. 7/1/2015.