Sections 56-10-14 through 56-10-29 NMSA 1978 may be cited as the "Uniform Voidable Transactions Act".
History: Laws 1989, ch. 382, § 1; 2015, ch. 54, § 9.
The 2015 amendment, effective January 1, 2016, changed the name of the Uniform Fraudulent Transfer Act to the Uniform Voidable Transactions Act; changed "This act" to "Sections 56-10-14 through 56-10-29 NMSA 1978", and after "Uniform", deleted "Fraudulent Transfer" and added "Voidable Transactions".
Federal preemption. — A motion for the appointment of a receiver for a development corporation due to an allegedly fraudulent transfer which the corporation had made in violation of this article was denied, since the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, 12 U.S.C. § 1821, preempts the plaintiffs' count for fraudulent conveyance and does not allow for non-monetary relief. Glenborough N.M. Assocs. v. Resolution Trust Corp., 802 F. Supp. 387 (D.N.M. 1992).
Law reviews. — For note, "Matching the Historical Legal Principles on New Mexico's Exemption Laws to the Modern Identity of Annuities: Dona Ana Savings & Loan Ass'n v. Dofflemeyer," see 24 N.M.L. Rev. 365 (1994).
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