New Mexico Statutes
§ 55-1-205 — Reasonable time; seasonableness
New Mexico § 55-1-205
This text of New Mexico § 55-1-205 (Reasonable time; seasonableness) 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. § 55-1-205 (2026).
Text
(a)Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose and circumstances of the action.
(b)An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
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Legislative History
1953 Comp., § 50A-1-204, enacted by Laws 1961, ch. 96, § 1-204; 1978
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Repealed§ 55-1-110
Repealed§ 55-1-201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 § 55-1-205, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55/55-1-205.