New Mexico Statutes

§ 48-3-11 — [Acceptance of collateral security waives lien.]

New Mexico·Ch. 48 Liens and Mortgages·Art. 3 Liens on Personal Property
No person shall be entitled to a lien under this article who has taken collateral security for the payment of the sum due him.

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New Mexico § 48-3-11 ([Acceptance of collateral security waives lien.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Laws 1851-1852, p. 243; C.L. 1865, ch. 77(2d), § 5; C.L. 1884, § 1538; C.L.

Nearby Sections

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