§ 55-11A-111 — Temporary provision; effectiveness

New Mexico § 55-11A-111

• Jurisdiction: New Mexico
• Ch. 55: Uniform Commercial Code
• Art. 11A: Effective Date and Transition Provisions

Text

A. A document of title issued or a bailment that arises before the effective date of this act and the rights, obligations and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by this act as if amendment or repeal had not occurred and may be terminated, completed, consummated or enforced under that statute or other rule. B. The provisions of Article 7 of the Uniform Commercial Code do not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees' businesses in respects not specifically dealt with in the Uniform Commercial Code; but the fact that such laws are violated does not affect the status of a document of title that otherwise conforms with the definition of a document of title.

Legislative History

Laws 2005, ch. 144, § 111; 2015, ch. 54, § 7; § 55-12-111, recompiled as §