New Mexico § 55-2-102 Scope; certain security and other transactions excluded

New Mexico Statutes

§ 55-2-102 — Scope; certain security and other transactions excluded

New Mexico § 55-2-102

Ch. 55Uniform Commercial Code

Art. 2Sales

This text of New Mexico § 55-2-102 (Scope; certain security and other transactions excluded) 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. § 55-2-102 (2026).

Text

from this article.

(1)Unless the context otherwise requires, and except as provided in Subsection (3) of this section, this article applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in Subsection (2) of this section.

(2)In a hybrid transaction:

(a)if the sale-of-goods aspects do not predominate, only the provisions of this article that relate primarily to the sale-of-goods aspects of the transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply; and (b) if the sale-of-goods aspects predominate, this article applies to the transaction but does not preclude application in appropriate circumstances of other law to aspects of the transaction that do not relate to the sale of goods.

(3)Th

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from this article. (1) Unless the context otherwise requires, and except as provided in Subsection (3) of this section, this article applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in Subsection (2) of this section. (2) In a hybrid transaction: (a) if the sale-of-goods aspects do not predominate, only the provisions of this article that relate primarily to the sale-of-goods aspects of the transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply; and (b) if the sale-of-goods aspects predominate, this article applies to the transaction but does not preclude application in appropriate circumstances of other law to aspects of the transaction that do not relate to the sale of goods. (3) This article does not: (a) apply to a transaction that, even though in the form of an unconditional contract to sell or present sale, operates only to create a security interest; or (b) impair or repeal a statute regulating sales to consumers, farmers or other specified classes of buyers.