New Mexico § 55-2A-306 Priority of certain liens arising by operation of law

New Mexico Statutes

§ 55-2A-306 — Priority of certain liens arising by operation of law

New Mexico·Ch. 55 Uniform Commercial Code·Art. 2A Leases

If a person in the ordinary course of his business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this article unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.

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If a person in the ordinary course of his business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this article unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.

New Mexico § 55-2A-306 (Priority of certain liens arising by operation of law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.