New Mexico Statutes
§ 55-9-106 — Control of investment property
New Mexico § 55-9-106
This text of New Mexico § 55-9-106 (Control of investment property) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 55-9-106 (2026).
Text
(a)A person has control of a certificated security, uncertificated security or security entitlement as provided in Section 55-8-106 NMSA 1978.
(b)A secured party has control of a commodity contract if:
(1)the secured party is the commodity intermediary with which the commodity contract is carried; or (2) the commodity customer, secured party and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
(c)A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
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Legislative History
1978 Comp., § 55-9-106, enacted by Laws 2001, ch. 139, § 6.
Nearby Sections
15
§ 55-1-101
Short titles§ 55-1-102
Scope of article§ 55-1-104
Construction against implicit repeal§ 55-1-105
Severability§ 55-1-106
Use of singular and plural; gender§ 55-1-107
Section captions§ 55-1-109
Repealed§ 55-1-110
Repealed§ 55-1-201
General definitions§ 55-1-202
Notice; knowledge§ 55-1-204
Value§ 55-1-205
Reasonable time; seasonablenessCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 55-9-106, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55-9-106.