Delay by the secretary of state beyond the time limits prescribed in Section 55-9-519 NMSA 1978 and Section 55-9-523 NMSA 1978 is excused if:
(1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, lack of appropriations or other circumstances beyond control of the secretary of state; and
(2) the secretary of state exercises reasonable diligence under the circumstances.
History: 1978 Comp., § 55-9-524, enacted by Laws 2001, ch. 139, § 95.
OFFICIAL COMMENTS
UCC Official Comments by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
Source. New; derived from section 4-109.
Effective dates. — Laws 2001, ch. 139, § 155 makes the act effective July 1, 2001.
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