Section 56-15-16 - Priority subject to subordination.

NM Stat § 56-15-16 (2019) (N/A)
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The Uniform Assignment of Rents Act does not preclude subordination by agreement as to rents or proceeds.

History: Laws 2011, ch. 141, § 16.

Effective dates. — Laws 2011, ch. 141, § 20 made §§ 1 through 19, the Uniform Assignment of Rents Act, effective January 1, 2012.