New Mexico § 55-12A-102 Definitions

New Mexico Statutes

§ 55-12A-102 — Definitions

New Mexico § 55-12A-102

Ch. 55Uniform Commercial Code

Art. 12ATransitional Provisions for Uniform Commercial Code

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Bluebook

N.M. Stat. Ann. § 55-12A-102 (2026).

Text

(a)As used in Chapter 55, Article 12A NMSA 1978:

(1)"adjustment date" means July 1, 2025;

(2)"Article 12" means Article 12 of the Uniform Commercial Code; and (3) "Article 12 property" means a controllable account, controllable electronic record or controllable payment intangible.

(b)The following definitions in other articles of the Uniform Commercial Code apply to this article:

(1)"controllable account", as provided in Section 55-9-102 NMSA 1978;

(2)"controllable electronic record", as provided in Section 55-12-102 NMSA 1978;

(3)"controllable payment intangible", as provided in Section 55-9-102 NMSA 1978;

(4)"electronic money", as provided in Section 55-9-102 NMSA 1978; and (5) "financing statement", as provided in Section 55-9-102 NMSA 1978.

(c)Article 1 of the Uniform Commerci

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(a) As used in Chapter 55, Article 12A NMSA 1978: (1) "adjustment date" means July 1, 2025; (2) "Article 12" means Article 12 of the Uniform Commercial Code; and (3) "Article 12 property" means a controllable account, controllable electronic record or controllable payment intangible. (b) The following definitions in other articles of the Uniform Commercial Code apply to this article: (1) "controllable account", as provided in Section 55-9-102 NMSA 1978; (2) "controllable electronic record", as provided in Section 55-12-102 NMSA 1978; (3) "controllable payment intangible", as provided in Section 55-9-102 NMSA 1978; (4) "electronic money", as provided in Section 55-9-102 NMSA 1978; and (5) "financing statement", as provided in Section 55-9-102 NMSA 1978. (c) Article 1 of the Uniform Commercial Code contains general definitions and principles of construction and interpretation applicable throughout this article.