Section 45-1-109 - Security interests not affected.

NM Stat § 45-1-109 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

No provision of the [Uniform] Probate Code alters or affects the right of a secured creditor to enforce his security interest against secured property included in the estate of a decedent.

History: 1953 Comp., § 32A-1-109, enacted by Laws 1975, ch. 257, § 1-109.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 21 Am. Jur. 2d Creditors' Bills § 39.

21 C.J.S. Creditor and Debtor § 96.