Section 56-13-12 - Receipt of notice.

NM Stat § 56-13-12 (2019) (N/A)
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For purposes of Section 1324 of the Food Security Act of 1985, Public Law 99-198, "receipt of written notice" means the date the notice is actually received by a buyer in the ordinary course of business or the first date upon which delivery is attempted by a carrier. A buyer in the ordinary course of business shall act in good faith. In all cases a buyer in the ordinary course of business shall be presumed to have received the notice ten days after it was mailed.

History: Laws 1987, ch. 177, § 12.

Compiler's notes. — Laws 1995, ch. 190, § 19 amended Laws 1987, ch. 177, § 16, as amended by Laws 1992, ch. 8, § 1, to delete the provision providing that Laws 1987, ch. 177 is effective until July 1, 1997.

Cross references. — For Section 1324 of the federal Food Security Act of 1985, see 7 U.S.C. § 1631.