New Mexico Statutes
§ 55-9-402 — Secured party not obligated on contract of debtor or in
New Mexico § 55-9-402
This text of New Mexico § 55-9-402 (Secured party not obligated on contract of debtor or in) 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. § 55-9-402 (2026).
Text
tort. The existence of a security interest, agricultural lien or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.
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Legislative History
1978 Comp., § 55-9-402, enacted by Laws 2001, ch. 139, § 64.
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Repealed§ 55-1-110
Repealed§ 55-1-201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 § 55-9-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55-9-402.