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

NM Stat § 55-12-102 (2019) (N/A)
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The provisions of Laws 1961, Chapter 96, Section 10-102, Subsection (2), shall continue to apply to the new U.C.C. and for this purpose the old U.C.C. and the new U.C.C. shall be considered one continuous statute.

History: 1978 Comp., § 55-12-102, enacted by Laws 1985, ch. 193, § 40.

Cross references. — For definition of "old UCC" and "new UCC", see 55-12-101 NMSA 1978.

Compiler's notes. — Laws 1961, Chapter 96, Section 10-102, Subsection (2), referred to near the beginning of this section, provides that the act does not apply to transactions entered prior to the act's effective date. Section 10-101 of ch. 96 makes the Uniform Commercial Code effective on January 1, 1962.

This section appears as § 11-102 in the Uniform Act.

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Section 55-12-101 - Effective date; ["old U.C.C." and "new U.C.C." defined]
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Section 55-12-103 - Transition to new U.C.C.; general rule.