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Section 55-12-101 - Effective date; ["old U.C.C." and "new U.C.C." defined]

NM Stat § 55-12-101 (2019) (N/A)
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This act shall become effective at 12:01 a.m. on January 1, 1986.

As used in this article, unless the context requires otherwise:

(a) "old U.C.C." means the Uniform Commercial Code, as effective in New Mexico, immediately prior to the effective day of this act.

(b) "new U.C.C." means the Uniform Commercial Code, as effective in New Mexico, as amended by this act.

History: 1978 Comp., § 55-12-101, enacted by Laws 1985, ch. 193, § 39.

Compiler's notes. — This section appears as § 11-101 in the Uniform Act.

Meaning of "this act". — The term "this act", referred to at the beginning of the section, means Laws 1985, ch. 193, which extensively amends the Uniform Commercial Code. For present compilation of the provisions of ch. 193, see the Table of Disposition of Laws in Volume 14 NMSA 1978.

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Section 55-12-102 - Preservation of old transition provision.